Hank George, FALU, CLU, FLMI
An insidious crisis is quietly jeopardizing the future of life and health insurance.
We are permitting ourselves to "dumb down" as regards prowess and savvy in the art and science of risk selection.
On visible aspect of this has been intensive cost-cutting efforts of recent vintage. CFOs have been quick to cut "non-essential" travel, as well as spending for educational purposes. While everyone appreciates the need for prudent spending, these well-intentioned individuals are simply "picking off the low-hanging fruit." By doing so, they are unwittingly closing off essential avenues to maintaining technical proficiency. Sacrificing access to vital knowledge in these times of great and rapid change is the quintessence of penny-wise/pound-foolish thinking.