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Dateline Investigates Shady Annuity Salesmen Targeting Seniors »

Posted by: DiffeeOnline 4 months, 3 weeks ago

7.5

Scale of 1 to 10

Read: 60

Propped: 72

Comments: 8

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Dateline did a hidden camera investigation into the world of shady annuity salesmen targeting seniors and playing on their emotions to lock their life savings away in funds they may never live to receive the benefit from, or pay stiff penalties, not disclosed in the sales pitch, for early withdrawal.

Read Full Story at msnbc.msn.com

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Comments So Far: 8

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jordan114 months, 3 weeks ago

But we don't need regulatory agencies.
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crespi4 months, 3 weeks ago

Most of the Republicans on propeller have already BLAMED the seniors who are tricked.
Real humanitarians...
So when do the taxpayers have to bail out the shady annuity business?
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3 Replies
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  libsRfunny4 months, 3 weeks ago
  
  "Most of the Republicans on propeller have already BLAMED the seniors who are tricked."
  That's a flat out lie, liar!!
  
  Reply
  2 Replies
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    crespi4 months, 3 weeks ago
    
    Wanna bet?
    I have print-outs from last month's propeller where 26 different propeller Neocons blame the little guy for sub-prime loans while defending the banks and the predatory lenders.
    Saintetienne was PARTICULARILY harsh against the tricked.
    Reply
    1 Reply
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      crespi4 months, 3 weeks ago
      
      Hey LIB-
      You publicly call me a liar without proof again and we will have some FUN!
      Know what I mean?
      Reply
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callum124544 months, 3 weeks ago

This is amazing news. I love it so much. So, thank you for posting it.
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ML2007Comment removed: User banned.
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ElementalEcho4 months, 3 weeks ago

First of all, I think this video is ridiculous and good at the same time. I work for a very reputable company Banker's Life and Casualty and when I was trained under annuities it was made VERY clear to me that these were to PREPARE for retirement not to be given to ANYONE approaching the age of 70! Cmon people...it is clear that those guys were trying to rip em off, but I think it's funny that at the beginning Chris states that some agents gave the truth! Holy crap! Now THAT's a concept! Glad you put that in the video Dateline! It was surprising to me to see that some companies offer 16 years and would actually allow underwriting to sign off on someone at that age. I want everyone to know that annuities are GREAT products when you're PREPARING for retirement they can secure your future. I had a friend today at work lose an annuity because of this video. Way to show the bad side. Then again, it's what I expect from the media.If you have questions my e-mail is ElementalEcho@aol.com
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