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Fox Business Warns of Insurance and Annuity Scams

Fox Business Warns of Insurance and Annuity Scams 150 150 Rex Securities Law

October 28, 2014- In a recent article on the Fox Business website, investors are warned to be wary of life insurance products, especially annuities. According to the article, which can be accessed here: 

  • Agents know how to manipulate the products and sales pitches to their favor and have the incentive of learning large commissions on the sale of these products
  • Consumers should be wary of the ‘fake insurance company’ and make sure they are dealing with a legitimate insurance company.
  • Consumers need to beware of ‘annuity twisting’ or ‘annuity churning’ which occurs when a broker convinces you to sell an existing annuity and purchase a new one.

If you have questions about an investment in an annuity that you think is unsuitable call to speak with an experienced securities attorney.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

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