Insurance Abuse
Why do brokers try to sell investors variable annuities and insurance?
We have seen too many cases in which clients seeking investment advice are sold Insurance products that are bad investment choices. Variable annuities, variable life insurance, and equity indexed annuities usually pay higher commissions than investments, giving salespersons an incentive to sell them. These products are also laden with hidden fees, and have restrictions on the ability to withdraw funds. Other times, insurance products are sold that investors cannot afford. When this happens, life insurance and long term care policies lapse, and the paid premiums go down the drain. If this sounds familiar call us at 503-222-7475 or complete our Free Evaluation online.