Client Sues Advisor, MassMutual Over Premium-Financed Life Strategy
September 4, 2025 by Allison Bell
A New Jersey resident is suing an advisor, a financial planning firm, two insurance companies and other parties over the poor performance of a life insurance arrangement that involved the use of premium financing.
Joseph Monte, the plaintiff, says Brian McGeehan, a financial advisor with Creative Financial Group, misled him about the state of the arrangement when he asked about it and failed to use a 1035 exchange to move him into policies that would have reduced his exposure to risk, according to a complaint Monte filed Aug. 22 in a New Jersey state court in Monmouth County, New Jersey.
Originally Posted at Think Advisor on August 28, 2025 by Allison Bell.
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