Categories related to Society: Issues: Violence and Abuse: Elder: Financial Abuse: Annuity Fraud: Business: Financial Services: Cash Flow: Annuities (19) Business: Financial Services: Insurance: Annuities (17) Home: Personal Finance: Retirement: Annuities (5) Websites on Annuity Fraud: Annuitytruth.org List of circumstances when the sale of a deferred annuity to an older adult is very questionable. Includes a free special report on this topic. Examination Findings Regarding Broker-Dealer Sales of Variable Insurance Products This joint 2004 SEC-NASD report reviews weak sale practices associated with deferred variable annuities and gives recommendations including taking the customer's age into consideration. [PDF] Seniors Get a Hard Sell on Fee-Laden Annuities - Los Angeles Times Detailed April 2006 report on commission-driven agents targeting elderly's assets, and playing on their fears to push a product that may not meet their needs. Suit Targets Senior Seminars for Questionable Sales Tactics Describes a class-action lawsuit against insurance companies and living-trust companies that market annuities to elderly people. Variable Annuity Fraud Attorneys James Hoyer, Newcomer and Smiljanich discuss how variable annuity scams target seniors and include a bibliography of expert opinions.
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