Regarding the sale of life insurance and annuities to seniors age 65 or older, which statement is FALSE?

The assertion that agents are required to show a copy of their insurance license during home visits is incorrect in the context of specific regulations concerning the sale of life insurance and annuities to seniors. While agents must be licensed to sell insurance, there are no mandatory requirements that specify they must present their license at every home visit. The focus is often on ensuring that the sales process respects the rights and protections of seniors rather than on the obligation to display a license.

The other statements correctly reflect various protections and rights afforded to seniors. For instance, allowing seniors to have others present during agent presentations is intended to provide support and ensure that they fully understand the information being presented. The duty of honesty, good faith, and fair dealing emphasizes the ethical responsibilities agents have towards their clients, especially those who may be more vulnerable, like seniors. Additionally, advance notice about meetings serves to protect seniors by giving them time to prepare and ensuring that they are fully informed about what to expect. These measures aim to foster transparency and protect against potential exploitation in financial decision-making.