Is Private Equity Taking Over The Life Insurance Industry? - Tom Gober

I sit down with Tom Gober, a Certified Financial Examiner and Certified Fraud Examiner with 41 years of experience, to discuss the growing problem of private equity, fraud, and reinsurance in the life insurance industry. Tom Gober spent 12 years working with the FBI, uncovering major insurance schemes. Now he's blowing the whistle on the riskiest company, Athene Annuity and Life Company, who's controlled by the massive private equity group, Apollo. Want Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review Buy Your Tickets to the Life Insurance Summit! Click Here: https://betterwealth.com/summit Connect with Tom Gober:   / tom-gober-1a827235   Learn More About BetterWealth: https://betterwealth.com Chapters: 00:00 - Interview Teaser 01:38 - Guest Introduction: Tom Gober 02:31 - Biggest Concerns About The Insurance Industry 03:08 - Capital Surplus 04:16 - Risks of Offshore and Captive Reinsurance 07:42 - Traditional vs. Modern Reinsurance 16:22 - Mutual vs. Stock and Private Equity Insurance Companies 23:44 - Consequences of Insolvency 26:48 - Tom Gober’s Backstory: Going Undercover *State Examiner *12-Year Collaboration *Reinsurance Schemes 41:15 - Difference Between Banking Regulation and Insurance Regulation 42:33 - Special Purpose Vehicle (SPV) 47:55 - Why Captives Could Be A Valuable to Insurance Companies 57:03 - The Private Equity "Amplifier" 01:07:43 - Concerns Over Ratings and Loan Covenants 01:13:40 - Deep Dive: Analysis of a Major Carrier 01:24:09 - Excessive Affiliated Investments 01:31:56 - Advice for Consumers and Advisors 01:39:29 - Final Thoughts ==================== DISCLAIMER: https://bttr.ly/aapolicy *This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.