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Article: Moral issues in planning for terminally ill. (financial planning)
- Article from:
- National Underwriter Property & Casualty-Risk & Benefits Management
- Article date:
- October 16, 1989
- Author:
CopyrightCOPYRIGHT 1989 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moral Issues In Planning For Terminally Ill
SAN FRANCISCO--While financial planning for the terminally ill can be lucrative, it also involves challenges to a planner's ethics and morality.
David Petersen, a comprehensive personal financial planner, told a session at the International Association for Financial Planning's annual convention that the terminally ill have "a tolerance" for fees four to five times higher than normal.
He noted, however, that everything has to be done in a hurry and the planner should expect pressure to lie on various applications. He said the client knows that by the time anyone has the chance to check the application he ...