Tuesday, February 20, 2007

 

Annuity Abuses Bring Call for Law

Variable annuities are confusing, expensive and loaded with fees. They also can be useful in the right circumstances.

The question for Oregon lawmakers this year is whether regulations should be tightened to curb abuses in the sale of these hybrids, which are basically mutual funds with a life insurance component.

Annuity Abuses Bring Call for Law
Source: Insurance News Net

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