Monday, September 14, 2009

 

Compare annuities before replacing them

A replacement may get started in your mailbox. You receive an invitation to attend a luncheon seminar on annuities sponsored by a local investment or insurance firm. You already have an annuity from the proceeds from your previous job's 401(k). You were impressed with the seminar presentation. You may then be solicited by the event sponsor's representative to surrender your current annuity for a new annuity that was presented at the seminar.

Senior citizens are often targeted by these offers with free meals because they may already possess an annuity or have other retirement funds. There are lucrative commissions for agents/brokers, as well...

Record Online: Compare annuities before replacing them

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