Thursday, January 31, 2008
Annuities: Beware of unsuitable investments for seniors
The senior citizen population is large, growing, and by some estimates, holds two-thirds of the individual wealth in the United States. By the year 2020, the number of seniors in the United States will double.
Since many seniors have been able to save up a nest egg for their retirement years, they are often targeted with fraud in a way that younger people with no savings are not.
The Minnesota Attorney General has taken legal action against several insurance companies over their sale of long-term, high surrender charge annuities...
Pine Journal: Annuities: Beware of unsuitable investments for seniors
Since many seniors have been able to save up a nest egg for their retirement years, they are often targeted with fraud in a way that younger people with no savings are not.
The Minnesota Attorney General has taken legal action against several insurance companies over their sale of long-term, high surrender charge annuities...
Pine Journal: Annuities: Beware of unsuitable investments for seniors
Permalink posted by markw @ 6:24 AM 
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