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Btw, everyone, please note that he IS getting a monthly income from his annuities!!!
Colorado Bankers (CB Life)...
- Thread starter FETalk
- Start date
It's illegal to use it as a selling tool, so that right there is a red flag.
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Red flag to licensed agents, but consumers "know" how FDIC works so if a licensed agent says "state guaranty is just like FDIC," the consumer will see a green flag instead of red.
This whole story makes me ill. To read a consumer talking about "high risk investments" when referencing annuity contracts held inside a duly admitted insurance company breaks my heart.
Ours is the industry of guarantees. This type and level of fraud is a disgrace. I'd like to see this fraudster sentenced to 2 to 3 days in the electric chair.
That's a really good point.
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And tickets for sale to allow people to watch?
David Nyman
Expert
- 37
I'll buy two..
Bankers Life was in Florida when I bought these annuities. They moved to North Carolina because regulations allowed an insurance company to invest 40% of their funds in outside companies. I think most states limit this to 10%. Lundburg was trying to influence the insurance commissioner with contributions to increase this to a higher amount.
Bankers Life was in Florida when I bought these annuities. They moved to North Carolina because regulations allowed an insurance company to invest 40% of their funds in outside companies. I think most states limit this to 10%. Lundburg was trying to influence the insurance commissioner with contributions to increase this to a higher amount.
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* Colorado Bankers Life https://cblife.com/?AspxAutoDetectCookieSupport=1#!
Not to be confused with Bankers Life. Bankers Life | Retirement and Income Solutions
Not to be confused with Bankers Life. Bankers Life | Retirement and Income Solutions
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You really should stop calling the company "Banker's Life" instead of Colorado Banker's Life. Two different companies.
Not sure where the forum mods are but this needs to be corrected.
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Beer and BBQ!
Had a band called "Free Beer and Chicken" in college. They'd put up signs with their band name and a day/time/location.
Luckily, they were pretty good b/c I definitely thought those signs meant something else the first time I saw them.
