- 9,744
Wow, this is the kind of dangerous ignorance that proves that some people should NOT be selling annuities.
How long have you been doing this?
Dateline Undercover on right now
- Thread starter MAPDJim
- Start date
Wow, this is the kind of dangerous ignorance that proves that some people should NOT be selling annuities.
How long have you been doing this?
- 14,808
Unless you are a trained financial expert you should not be handling people's money in any capacity - especially seniors. That's no dig on anyone here - just a statement of facts.
The mere fact that there's so much to to be made in the way of commission with annuities attracts the wrong element.
The mere fact that there's so much to to be made in the way of commission with annuities attracts the wrong element.
- 9,744
Rick, I applaud that you have the integrity NOT to do something that you don't have the training for. Ironic that you had the correct answer for period certain though...
But I mean really, is "Certified Senior Advisor" as rigorous a course of study as say, CLU/ChFC or CFP?
If I'm wrong, I'll admit it. What did you do to get the "designation"?
- 9,744
Word.
- 14,808
There are a few things you just don't mess with - and a senior's money is one of them.
You could not PAY ME ENOUGH to play with someone's money who busted their ass all their life to finally retire.
So what do seniors do? Contact a licensed, local trained professional who's been in the biz at least 10 years with a local physical office.
If you think you know what you're doing that's even worse. That means your dangerous due to total commitment and a lack of will to step back and realize that you're not formally trained on all financial tools. Therefore, the only time you should be in a senior's home is to visit grandma.
You could not PAY ME ENOUGH to play with someone's money who busted their ass all their life to finally retire.
So what do seniors do? Contact a licensed, local trained professional who's been in the biz at least 10 years with a local physical office.
If you think you know what you're doing that's even worse. That means your dangerous due to total commitment and a lack of will to step back and realize that you're not formally trained on all financial tools. Therefore, the only time you should be in a senior's home is to visit grandma.
A
allhealthandlife
Guest
The best part of the Dateline segment was at the end, and the cameras had come out of the woodwork... the agent was mentioning that his company had told them that they would be out there... blah, blah.
Then the cameras are basically finished filming and their story is in the can, and the agent is still asking if Auntie wants to still do the deal of the Annuity... ROFLMAO... His timing is off a bit on his closing skills, but you can't say that he didn't ask for the order...
Hillarious...
It was also quite funny when the agent in the other segment was trying to impress his prospect by showing them a copy of " Annuity Quarterly " magazine ( or whatever it was called ) with his picture on the front cover next to Fed Chairman Ben Bernanke .
He told he prospect that " this is like being on the cover of Rolling Stone Magazine " for an insurance agent.
What the agent didn't tell the prospect is that he didn't actually author the article in the magazine and in fact had paid Annuity University $ 10,000.00 to have his picture on cover of magazine. The reporter then showed the same magazine cover to the the agent with the reporters face on it next to Ben Bernanke after he paid Annuity U. to help misrepresent himself as a published authority.
So basically the agent was caught in the act of using good old fashion parlor tricks sell insurance.
- 11,280
Here you go M&M. YOu could have easily looked this before opening your ignorance.
I believe what you meant was life with the period certain.
Period Certain
I believe what you meant was life with the period certain.
Period Certain
- 2,370
I did not see dateline tonight but I wish I had...
I am learning about FIA to start offering them to my clients who want to know more about them.
In the past month, I have had 2 clients ask me about them because their bank was offering them rather then CD's. One had already bought one and I am meeting with the other next month to look over their needs (with another agent who sells them on a regular basis since I am still learning).
Anyone else see banks doing this?
I am learning about FIA to start offering them to my clients who want to know more about them.
In the past month, I have had 2 clients ask me about them because their bank was offering them rather then CD's. One had already bought one and I am meeting with the other next month to look over their needs (with another agent who sells them on a regular basis since I am still learning).
Anyone else see banks doing this?
- 11,280
You act like everyone selling annuities is going out and trying to get every last dime of money a senior has and lock it up for 16 years. This board is worse than dateline.
- 11,280
Yes, I have presented annuities and a week later on the follow up call they inform me they bought an annuity from the bank.
