Bad Brokers Sell Insurance

Written By Don McDonald

A recent study shows that brokers with a disciplinary history tend to go into the insurance industry. We explain what a "35% bonus" on a complex annuity product really means. Has an insurance agent ever disclosed the total commission paid on annuity products. Then, the callers keep us in the insurance product groove with questions about:

The value of a universal life policy for savings.

Does it make sense to move a 401k into an annuity?

Does it make sense to convert a pension payout to an immediate annuity?

Don McDonald
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