"Don't compromise yourself. You are all you've got." – Janis Joplin
Seniors don't want to deal with "any old salesman." They want to work with someone with integrity and experience, backed by a strong, reputable company that is highly rated in the industry. More than any other age group, this generation places the utmost value on the integrity of the financial advisor and his or her ability to withstand trials and tribulations.
While integrity is the cornerstone in effectively working with seniors, there are those in the industry muddying the insurance waters with deceitful activities. In fact, in a study by the Association of Certified Fraud Examiners, the insurance industry ranked fifth on the list of industries most frequently investigated by the organization. The author of the survey also stated that insurance agents were involved in more than half of the examined cases. Fraud in our industry is growing and becoming more and more prevalent with senior clients.
And while the vast majority of advisors uphold the highest levels of integrity, the media will always focus on the stories of those who don't – exacerbating an already challenging situation for the life insurance and financial services community as a whole.
When an individual financial advisor puts his or her own direct interests above those of their client, they have not only risked their integrity and in turn their career – they have also risked ours. As Ralph Waldo Emerson once said, "A little integrity is better than any career."
