In a way not unlike the timeshare industry,
annuity sales practices have attracted a lot of criticism.
«It paints a target on the backs of senior Americans who are most likely to be targeted with abusive variable
annuity sales practices,» she said.
Not exact matches
Even Sen. Elizabeth Warren, D - Mass, in October blasted
annuity sales tactics, saying that the responses by 15 of the country's largest
annuity providers to her questions revealed «a widespread
practice of offering agents kickbacks in exchange for promoting certain
annuities.»
In the wake of the final Department of Labor (DOL) fiduciary rule, advisors and insurance carriers alike have been compelled to reevaluate
sales practices surrounding
annuity sales — especially with respect to variable and fixed indexed
annuities.
So the next time a customer asks, «but doesn't Ken Fisher say he hates
annuities» you can answer «no — not really because in Ken's case he is motivated by good — good business profits, good shareholder returns, and regulation - free marketing and
sales practices.»
Admittedly, ongoing questionable
sales practices and lack of enforced advertising regulations are major problems, but the «free look» option that
annuities provide could be the most pro-consumer benefit on the financial product planet.
defense of nationwide and state regulatory investigations of
sales practices involving variable and / or indexed
annuities;
We have represented our insurance clients as lead counsel in a variety of litigation and dispute resolution matters including: Life and
Annuity Sales Practices Including class action and individual cases alleging misleading and deceptive sales practices and breaches of duty pursuant to a variety of theories of liability related to life, annuity, and retirement prod
Sales Practices Including class action and individual cases alleging misleading and deceptive
sales practices and breaches of duty pursuant to a variety of theories of liability related to life, annuity, and retirement prod
sales practices and breaches of duty pursuant to a variety of theories of liability related to life,
annuity, and retirement products.