Variable Annuities Seniors

INVESTOR ALERT: REGULATORS RELEASE UPDATED TOP 10 LIST OF ...
Variable annuities. The Top 10, ranked in order of prevalence and seriousness, are: 1. Ponzi Schemes 2. Senior Investment Fraud 3 education so seniors do not become victims at the hands of unscrupulous promoters. Older investors are ... Read Full Source

Bibliography - Life Insurance - Annuities
Variable Annuities Still Ripe for Being Lemons, Personal Finance, John F. Wasik, The Seattle Times, August 1 4, 2005 Guaranteed Living Benefits Help Spur VA Sales to Seniors, Hal Stucker, National Underwriter L&H, August 16, 1999 ... Doc Retrieval

Annuity Class Action Litigation—Trends And Strategies For ...
Variable annuities,” and (4) “the particular deferred variable annuity as a whole, the underlying subaccounts to which funds are allocated at the time of the purchase or indexed annuities to seniors under circumstances in which other investments would have ... Fetch Document

Tax-Sheltered Retirement Plans - Welcome To Utah State University
Www.insurance.utah.gov/Annuities_alert.htm Senior Citizens Should Be Aware Of Deceptive Sales Practices When Purchasing Annuities “Annuity sales to seniors have significantly and does not need to access their assets for at least five years Variable Annuities An investment in an ... Read Content

An Overview Of Equity-Indexed Annuities - Welcome To ...
Securities, that some equity-indexed annuities are suitable for seniors and that not all equity-indexed annuities have high surrender charges and pay exorbitant commissions. 5 Premium or bonus credits are a gimmick used to sell both variable annuities and equity-indexed annuities. ... Read Document

Financial Services Issues For Senior Citizens
Seniors should carefully consider the risk profiles of their investments as well. It is appropriate to seek proper diversification of risk, and Individuals selling variable annuities need to be properly licensed to sell these products. ... Content Retrieval

California Annuities 4 Hour CE Course
Variable Annuities LONG-TERM CARE INSURANCE RIDERS IN ANNUITIES..62 TWO TYPES OF LTC RIDERS California Enacts New Annuity Sales Protections for Seniors ..68 NEW ADVERTISING GUIDELINES ... Document Viewer

Department Of Insurance PRESS RELEASE Office Of The Director
Consumer Guide: Annuities for Seniors, as well as Annuity Buyers’ Guides: 602-364-2499 or 800-325-2548 (outside Phoenix) or www.id.state.az.us. Variable annuities involve a risk that the account value may decline if the underlying ... Access Full Source

CLASS ACTION ANNUITY LITIGATION N1
Similarly, all deferred variable annuities provide annuity tables which guarantee that, Insurers and producers 20-1243.04 Annuities to seniors AR § 20-2608; Ins. Reg. Variable life Insurers (8/06) 33 insurance Ins. Reg. 82; Bulletin Insurers and ... View Full Source

Variable Annuities Newsweek Article
My target: tax-deferred, variable annuities--a name that hints of probity, with a soupcon of tax savings on the side. What a laugh. It will cost you more in taxes and possibly risk your security, too. Seniors are their particular prey, ... Visit Document

That govern sales of annuities to seniors, requiring written disclosures that are meant to alert the potential purchaser to specific rights and variable annuities, such as tax-deferred growth, annuitization, or a death or living benefit; and ... View This Document

2004 Annuity Training Outline - California Department Of ...
Associated with annuities, especially as they affect seniors. z How annuities affect persons that are 60 years and older. indexed, and variable annuities III. Identify the parties to an annuity 7% A. Describe the rights and obligations of the annuity owner 1. ... Content Retrieval

Avoid Being Fooled By Deceptive Sales Practices Alert: High ...
When it comes to annuities, inappropriate sales practices can occur in many ways and come from a variety of sources. Here are a few † Variable Annuity: An annuity in which the insurance company invests your money, less any applicable charges, into a separate ... Get Doc

A Framework For Evaluating Variable Annuities With Lifetime ...
Seniors, have made variable annuities a hot button issue with regulators. However, the relatively recent introduction of so-called “living benefit” riders has added an intriguing new dimension to the debate, and has dramatically changed the variable annuity ... Retrieve Content

Legal Horizons, 2005, Vol. II - Life & Health
Variable annuities, a new wave of class action suits have recently been filed against insurance companies and brokerage firms over alleged seniors were targeted for sales of variable annuities that were often not suitable investments. ... Access Full Source

PROTECTING SENIOR INVESTORS: REPORT OF EXAMINATIONS OF ...
Hearing Panel November 9, 2005) (defendant allegedly made unsuitable sales of variable annuities to unsuspecting seniors resulting in a loss of approximately $375,000). 25. been created, and it appears that the investment adviser later completed the forms in order ... Return 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 satisfies the requirements for the recommendation of variable annuities. ¾Commissioner may order the insurer, producer, and/or general ... Fetch Here

Jonathan G. Katz, Secretary Securities And Exchange Commission
Many of our members manufacture variable annuities distributed through affiliated and independent broker-dealers. including Individual Annuities: Tips for Seniors and a Variable Annuity Kit that covers fees, exchanges and buying tips, ... Retrieve Content