Greg Wimmer

Mr. Wimmer is a Bates Group Consulting and Testifying Expert who has been a Litigation Consultant and Expert Witness since 2003. He has been recommended and engaged in cases involving life and health insurance underwriting, claims practices and procedures, agent standards and practices, ERISA plans, life insurance, annuities, both fixed and variable, equity indexed annuities and life insurance, disability income insurance, STOLI cases, life insurance rescissions, structured settlements, group life and health insurance, financed life insurance, third party administration and cases involving securities sales. He has appeared or been engaged in both federal and state courts as an expert in 41 state jurisdictions involving over 250 cases.

Mr. Wimmer brings a vast reservoir of experience in the life/health insurance and annuity industry. In past years his duties included training agency and sales force personnel on all aspects of proper life underwriting procedures, agent and broker practices and claims procedures. He has also been highly involved in training agency sales forces in the proper conduct and role of the agent or broker in relation to the company and the insured/owner.

He has acted as the primary liaison between the field and home office underwriting departments. He has been involved at some level in the underwriting and issuing of thousands of individual life insurance, disability income, and annuity policies. By education and the experience gleaned over a career spanning over 45 years he is well qualified in agent and company standards and practices, underwriting, claims, and many other aspects of the life and health insurance industry.

Since 1987, Mr. Wimmer has been actively involved in the structured settlement business. During this time, he has acted as President of a structured settlement firm, a broker, a settlement consultant, and expert witness. He has been a licensed life, health and annuity broker in Texas and several other states.

His work in this area included the negotiation and placement of structured settlement annuities and consultations with defendants, insurers and plaintiffs and their attorneys as to the financial efficiency and appropriateness of structured settlements. He has also worked extensively with the Ad Litem community throughout Texas to establish court approved benefit packages for minor and incompetent claimants.

He has been retained to preserve or increase benefits through 468B Qualified Settlement Funds, Medical Set Aside Trusts, Medical Reversionary Trusts, Section 142 Trusts, Special Needs Trusts, and Settlement Preservation Trusts.
In addition, he is an expert witness in the area of structured settlements, the design and pricing of specific benefit packages, the tax ramifications of periodic payments plan as outlined in the Internal Revenue Code and the projection of future costs for education or health care needs. He has also developed periodic payment plans for civil rights, sexual and age discrimination and employment cases.

Upon entering the life insurance business in 1973 following graduation from college, he was the leading first year associate in the Sales and Sales Management Development Program company wide, and he quickly advanced through a series of management positions to become the youngest General Agent in the company upon his appointment in 1982. He was responsible for 22 offices located throughout west Texas and New Mexico encompassing over 200 agents and brokers.

Wimmer hired and trained producers in all aspects of the financial planning process including life and disability insurance, mutual funds, general investments, private placements, tax advantaged investments, group life and health insurance, estate planning, retirement planning and underwriting. In this capacity he was also responsible for the company's overall presence in his territory, including staffing, training, technology, sales practices, claims, licensing, lease negotiations and underwriting.

His efforts resulted in his agency being awarded the Agency Development Award, the second highest management award in the company and earned the National Management Award from the General Agents and Managers Association, a national organization comprised of general agents and managers.

Greg is a consultant and subject matter expert in these Practice Areas and Services:

Securities and Financial Services Litigation & Consulting
- Retail Securities
Insurance and Actuarial Services
- Insurance

Credentials

EDUCATION

Bachelor of Arts (BA), Political Science, Business Administration (Minor), Texas Tech University, Lubbock, TX

Who’s Who in American Colleges and Universities, 1972 and 1973
Student Body President, 1972-1973

PROFESSIONAL DESIGNATIONS, ASSOCIATIONS and LICENSURE

Certified Structured Settlement Consultant-University of Notre Dame Executive Education, 1996
Chartered Financial Consultant- American College, Bryn Mawr, Pennsylvania, 1984
Chartered Life Underwriter-American College, Bryn Mawr, Pennsylvania, 1979
National Structured Settlement Trade Association (Formerly)
Licensed Texas General Lines-Life, Health, HMO (Formerly)
Non-resident licenses in various states (Formerly)
Licensed Life and Health Insurance Counselor (Formerly)
Licensed Life and Health Insurance Counselor-Texas (Formerly)
Dallas and Fort Worth Claims Associations (Formerly)
Board of Directors of Fort Worth Life Underwriters Association (now NAIFA) (Formerly)
Licensed Texas Property and Casualty (Formerly)
NYSE/NASD (now FINRA) Registered Representative (Series 7) (Formerly)
Society of Financial Service Professionals (Formerly)
National General Agents and Managers Association (Formerly)
National Association of Health Underwriters (Formerly)
National Association of Life Underwriters (now NAIFA) (Formerly)

WRITING/TEACHING/SPEAKING/PROFESSIONAL EDUCATION/CONSULTING