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    • Model, Stylist Sue Advisors Over Cash-Value Life Advice

    November 21, 2023 by Jamie Johnson

    Two clients have joined to sue their financial advisors over what the clients say were sales of unsuitable, illiquid cash-value life insurance arrangements.

    Leona Binx Walton, a fashion model, says the advisors sold her six life insurance policies with a total annual carrying cost of $87,506.36, after she had emphasized that she was uncertain about her income and needed liquidity, according to the complaint.

    Click HERE to read the full story via Think Advisor

     

    Wink’s Moore on the Market: Well THIS sounds shady… -sjm

    Categories: Industry Articles
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