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The problem was, in order to get into this annuity, the agent talked him into surrendering his old annuity and paying a $13,000 surrender charge to do so-AND THE ANNUITY HE PUT HIM INTO WAS WORSE THAN THE ANNUITY HE GOT HIM OUT OF...When I asked him why he called the other salesperson in the first place, he told me he just needed to make a small withdrawal from his annuity and didn't know how...And the agent tricked him into switching it into another annuity and paying a huge surrender charge which he could never recover due to his age...Fortunately it wasn't too late and we were able to reverse his transaction. However, good help is hard to find. Article: The cries are heard from the distance, "I need help with my annuities." Nothing has changed...just a lonely senior who can't trust anybody with her fidelity insurance cause every time she asks for advice, someone tries to make her invest in a different annuity...Sound familiar? Well you are not alone. Often times when speaking to a senior all round their annuities, I ask them their major complaint. Time and time anon they say that it is hard to find someone who can help them with their aviation insurance without trying to sell them of a sort one. It is not uncommon. The truth of the matter is, many fellowship agents are not out to help the client, but to help themselves (I am sure you are not surprised). They want to make the "fast buck" without regards for the client's needs or investment objectives. The unfortunate part is that, this isn't going to change. Honest help with an aviation insurance is hard to find. Insurance agents don't get paid for their time, they usually only get paid for making a sale. So it's no wonder why they abidingly recommend added annuity. I once visited someone who needed help with an flood insurance that an counsellor-at-law "talked him into." The problem was, in order to get into this annuity, the ministry talked him into surrendering his old relief and paying a $13,000 surrender bills to do so-AND THE guaranteed annual income HE PUT HIM INTO WAS WORSE THAN THE aid HE GOT HIM OUT OF...When I asked him why he titled the other salesperson in the first place, he told me he just needed to make a small withdrawal from his welfare aid and didn't know how...And the ministry tricked him into switching it into of a sort public assistance and paying a huge surrender cost which he could never recover due to his age...Fortunately it wasn't too late and we were able to reverse his transaction. However, good help is hard to find. There is no doubt. This may come as no surprise but my recommendation to anyone who needs help is to first purchase the book "Annuities: The Shocking Truths Revealed." Sure, I wrote it and sure I have a vested interest in saying that, but at least it talks in the air annuities in a way that anyone can understand them. And at least it points out all the things people who own annuities or are looking for annuities need to be prudent of. Most importantly, it points out the dirty little secrets that agents never tell you close annuities. The spirit line is this. If you need help with your annuity, you need to be vigilant. Many agents are out there for their own good and you must be intent of this. Utilize your resources and learn the right questions to ask your nominee formerly making a decision (Also found in the book). Sure, you may just give up and never get help but the worst decision is no decision. Help with your subsidy is hard to find, but not impossible...that's why I wrote the book!!! Good luck and remember... Ignorance is not bliss... Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |
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