Annuity Fraud

Anyone considering investing in annuities should know the dangers of.

Annuity fraud. Annuity fraud among senior citizens is a growing crime. Sales pitches for these products might attempt to scare or confuse investors. All broker-dealers and investment advisers that sell variable annuities must be registered.

The marketing efforts used by some variable annuity sellers deserve scrutiny especially when seniors are the targeted investors. What is Annuity Fraud. If you have been harmed by annuity fraud we can help.

An accumulation phase and a payout phase. What is Variable Annuity Fraud. Theres no doubt that investment fraud is on the rise and that older investors are a prime target.

Annuities are also used by unscrupulous agents to scam elders. If you withdraw money from an annuity before you are age 59 ½ you may have to pay a 10 tax penalty to the Internal Revenue Service on top of any taxes you owe on the income. Individuals over the age of 65 in particular are frequent targets of these deceptive acts.

In annuities fraud a broker or agent sells a person an annuity a form of long-term investment. Four Signs of Annuity Fraud 1 The Rushing Tactic If the agent rushes you to buy an annuity it is always a bad sign. Engaged in a fraudulent scheme related to its indexed annuities hints there might be rough tides ahead.

Unethical marketing annuity scams and unsuitable annuity sales can destroy an investors lifetime of hard work. The lawsuit is Howard Rosen v. A variable annuity typically has 2 phases.