Selling Annuities To Seniors

Is AARP Insurance Smart For Mom And Dad?
John Matarese looks into criticism of the popular AARP life insurance programs ... Read News

Those selling annuities to learn from the best practices of their colleagues. that govern sales of annuities to seniors, requiring written disclosures that are meant to alert the potential purchaser to specific rights and protections. ... Access Doc

ANNUITY SUITABILITY WHY REGULATORS ARE CONCERNED
More than 50% of annuities to seniors age 65 and above, and 2 agents sold more than 90% to seniors, yet 7 of the 10 agents were relatively new agents with less than 3 years insurance experience. suitability when selling annuities to seniors . ... Read Content

National Academy Of Elder Law Attorneys (NAELA) Celebrates 15th Annual National Consumer Protection Week
Attorneys educate elderly and individuals with special needs on fraud and other forms of financial abuse.Washington, DC (PRWEB) March 04, 2013 The National Academy of Elder Law Attorneys (NAELA) proudly joins government agencies, advocacy organizations, and private sector groups nationwide to celebrate National Consumer Protection Week (NCPW), March 3-9, 2013. For the past 15 years, a broad ... Read News

Investment Products And Sales Practices Commonly Used To ...
Two insurance agents who fraudulently sold charitable gift annuities to seniors, telling them that their money would be invested in secure accounts. Instead the implement proper procedures for selling variable annuities to seniors. [See ... Access Document

THE GROWING PROBLEM OF ELDER FINANCIAL ABUSE: HOW TO ...
Seniors account for 60% of the fraud victims who report to the National Consumers League’s National Fraud Information Center. www.crimes-of-persuasion.com The Senate Commissions for selling such annuities can be as high as 16%. ... Access Full Source

Deceptive Sales Practices The Titles Of Our Articles About ...
And the Selling of Unsuitable Annuities to Seniors; The California Commissioner, Allianz, and the Selling of Unsuitable Annuities to Seniors; The Minnesota Commissioner, American Investors Life, AmerUs Life, and the Selling of Unsuitable ... Doc Retrieval

Testimony Of Sandy Praeger, Kansas Insurance Commissioner And ...
Producers selling annuities and insurance must meet minimum standards with regard to knowledge of the products they sell, unacceptable conduct are not selling insurance and annuities to our seniors and to other residents of our states. ... Content Retrieval

CEASE Coalition To End Elder Financial Abuse
The technique of selling annuities by playing on the seniors’ fears of going into nursing homes or outliving their assets. The DRA’s treatment of the home has given these agents a hook to convince seniors that the government ... Document Viewer

Annuity Class Action Litigation—Trends And Strategies For ...
Indexed annuities to seniors that restricted their access to assets in the annuity for as long as 15 years and in some cases misrepresented the terms of the annuity. As Companies selling annuities must develop a strategy for addressing proactively the govern- ... Visit Document

June 2007 Regulatory/Law Suitability Scrutiny
From selling deferred annuities to seniors without first determining suitability based on the purchaser’s life expectancy and other relevant circumstances, imposing civil penal-ties and requiring restitution for all persons injured by Allianz. ... Read Full Source

The Fight Against Inappropriate Annuities For Seniors And How ...
The Fight Against Inappropriate Annuities for Seniors and How Elder Law Attorneys Can Help - Elder Law Answers Articles Probably the biggest-selling deferred annuities are highly complex products called equity indexed annuities. ... Document Viewer

CLASS ACTION ANNUITY LITIGATION N1
And an injunction barring Allianz from selling deferred annuities to seniors without first determining their suitability, among other relief. Allianz is not the only insurance company being targeted for its sale of bonus annuities. On February 1, 2007, plaintiffs' firm Beasley, ... Visit Document

California Department Of Insurance Four-Hour Annuity Training ...
When selling annuities . These courses should not be used as an opportunity to persuade, indoctrinate or enlighten agents on a Specific advertising to seniors (Section 787 of the CIC) III. Prohibited sales practices ; 30% . A. ... Read Here

NOTICE On Annuity And Part D Sales - California Department Of ...
SUBJECT: Unlawful Sales Practices Pertaining to Medicare Part D and Annuities for Seniors The purpose of this notice is to make life insurers and life agents aware of specific or selling Medicare Part D. (See below). ... Retrieve Here

Compliance Alert
SB 2082 makes changes to how a broker determines suitability for seniors. brokers when selling annuities to senior consumers. Summary One section of Florida law SB 2082 makes changes to how a broker determines the suitability of an ... Read Content

The Annuity Conundrum: Responding To The Abuse Of Elderly ...
The statutory obligations required for selling deferred annuities to seniors. Moreover, many annuity contracts are intentionally drafted so that the average person, let alone an elderly person, cannot readily understand the terms. ... Doc Viewer

1 M ICH AE L .O ND,St AeBr O111830
Investments for seniors, namely annuities. citizens in order to generate commissions for themselves by selling annuities and other similar financial products (hereafter “annuities”) to the seniors identified and profiled through this living ... View This Document

STATE OF CALIFORNIA BUSINESS, TRANSPORTATION AND HOUSING ...
It solicits seniors by purporting to offer them free advice about living trusts, when in fact it is engaged in the offer and sale of annuities. As it openly states at a page of its website, selling Annuities to the growing market NOW! ... Fetch Doc

Help / Instructions AE AffordableEducators
Advertising, seniors 40 Selling California annuities 40 Senior advertising 40 Insurance, using the word 42 Internet sales 42 License, required information 42 Using the word "insurance" 42 Advertisements, seminar or class meeting 43 Direct mailers 43 ... Fetch Doc

Ethics - The American College
In selling annuities, usually variable annuities. Some of this misbehavior was highlighted by Mary Schapiro, NASD President of Regulatory Policy and Oversight in her remarks to the Spring 2004 Securities Conference where she annuities to seniors. ... Fetch This Document