Gregory G. Wimmer is a veteran of the
Life, Health and Annuity Business. Mr. Wimmer has been retained over 100 times in both federal and state courts in 33 states. He has the requisite background to render opinions in:
Life Insurance UnderwritingAgent and Broker Standard of CareLife InsuranceHealth InsuranceAnnuities, Disability Income and related areas.
Other areas of expertise include:
Health insuranceEquity Indexed AnnuitiesVariable AnnuitiesDisability Income InsuranceLong Term Care InsuranceLife Insurance ClaimsHealth Insurance ClaimsHealth Insurance UnderwritingStructured SettlementsAgents Duties and Standards of CareCompany Practices and TrainingAgent and Agency PracticesERISA plans
View Expert Cases.
Life Insurance: Term, Permanent, Universal and Variable
Over the years the life insurance industry has been slow to develop new and consumer driven product. Instead carriers chose to offer their own version of a product all other carriers offered and simply compete at price or benefit with competitors.
Insurance: Structured Settlements
Structured Settlements are a unique and specific product used in the settlement of claims and lawsuits where there is either a large amount of money and/or a need for the management of funds. The basis of a structured settlement is contained in Section 104 (a)(2) of the IRC. They are simply a means for qualified settlements, usually in personal injury cases, whereby the recipient of a settlement receives their funds in a more flexible and tax advantaged way, rather than in a single lump sum settlement.
Insurance: ERISA, NASD (FINRA) and Variable Contracts
ERISA has many very specific requirements as it relates to product and producer relationships. If a case involves an ERISA plan, duties of the producer and the carrier can be elevated simply because it is covered under ERISA.
Insurance: Agency And Company Operations
Every carrier has some system of product distribution. Some have employees; others have career agents who are technically not employees, while still others use a system of independent brokers.
Agent And Broker Standards And Practices
This category of case is the most common area of consultation. Since the agent, broker or registered representative is the only constant throughout the entire process of soliciting, procuring and completing the application, forwarding it to a carrier for an underwriting decision and servicing the owner of the policy after purchase, he/she is the one participant familiar with the client and the process from start to finish.
Life, Health And Disability Claims
Most disputes arise in the area of claims. This results because for whatever reason, some sound and others speculative, the claim is denied at the death , disability or sickness of the insured.
