Annuity Fraud Financial Abuse Elder Violence and Abuse

Attorneys James Hoyer, Newcomer and Smiljanich discuss how variable annuity scams target seniors and include a bibliography of expert opinions.

Top: Society: Issues: Violence and Abuse: Elder: Financial Abuse

Annuity Fraud

See Also:

Annuitytruth.org - List of circumstances when the sale of a deferred annuity elder to an older adult is very questionable. Includes a free elder special report on this topic.
Variable Annuity Fraud - Attorneys James Hoyer, Newcomer and Smiljanich discuss how annuity fraud variable elder annuity scams target seniors and include a annuity fraud bibliography of elder expert opinions.
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]
Suit Targets Senior Seminars for Questionable Sales Tactics - Describes a class-action lawsuit against insurance companies and elder living-trust companies financial abuse that market annuities to elderly people.
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.

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