Agent Arrested and Convicted for Selling an Annuity.

[b61mack]

Jhuang, the thread is all about hardworkwillwin. So i guess he is just trying keep his up his sanity.

 

[hardworkwillwin]

This is worrisome..Human to human contact

H7N9 Contact Shows Signs Of Flu - Business Insider

 

[Mr_Ed]

This is worrisome..Human to human contact

H7N9 Contact Shows Signs Of Flu - Business Insider

the next time you have such an important post you should probably make a new thread rather than hiding it at the end of this old thread.

 

[Norwayguy]

He needs posts to keep this thread alive so is requests for money for his appeal every now and then is mixed in with other posts.

 

[hardworkwillwin]

He needs posts to keep this thread alive so is requests for money for his appeal every now and then is mixed in with other posts.

Wrong if I would of posted it as a new thread it would of been taken down, because it's not insurance related.
Besides none of you that I know of have donated one dollar from this board.
I dont think you understand the prosecution is making this about surrender penalties. Calling them the theft.

 

[CALTCAgent]

I dont think you understand the prosecution is making this about surrender penalties. Calling them the theft.

Thousands of posts and discussions later, it still comes back to that for me. That is the heart of the issue. That is what is so absurd about this case. If I was the lawyer all I would do is focus on this point. If they can be theft, fine, that will change the industry as I see it.

 

[Mr_Ed]

Wrong if I would of posted it as a new thread it would of been taken down, because it's not insurance related.
Besides none of you that I know of have donated one dollar from this board.
I dont think you understand the prosecution is making this about surrender penalties. Calling them the theft.

Selling a 15 year surrender penalty period to an 80-something is A LOT different than selling a 7 year surrender penalty to a 60-something.

80 to 95

60 to 67

big difference.

 

[hardworkwillwin]

Selling a 15 year surrender penalty period to an 80-something is A LOT different than selling a 7 year surrender penalty to a 60-something.

80 to 95

60 to 67

big difference.

The product wasn't on trial here.This MD10 annuity is money she may of NEVER touched.She wanted the potential of a higher return than her .50% CD was paying.

Besides out of ten different advisors.Ten different recommendations would of been recommended.I felt REALLY GOOD about mine, and as I told you.Fran wanted a similar program then her boyfriend had. Which again he earned 10% the year before.

 

[CALTCAgent]

Selling a 15 year surrender penalty period to an 80-something is A LOT different than selling a 7 year surrender penalty to a 60-something.

80 to 95

60 to 67

big difference.

Disclaimer: I am not saying I like the product.

It has been approved FOR SALE by CA DOI up to 85. That means it should be legal to sell.

Nothing does not meet suitability.

Probably if the surrender charges were say 5% he would not be here.

The issue is surrender charges are theft here, IMO.

 

[bobson]

Disclaimer: I am not saying I like the product.

It has been approved FOR SALE by CA DOI up to 85. That means it should be legal to sell.

Nothing does not meet suitability.

Probably if the surrender charges were say 5% he would not be here.

The issue is surrender charges are theft here, IMO.

Interesting, surrender charges allow her the potential to earn 10% versus .5% in a bank.