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Apr 18 2012

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Could a Zurich International Rep Do Jail Time For Selling A Variable Annuity?


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Anything’s possible. 

A variable annuity salesperson was just given a 90 day jail term for selling….a variable annuity. 

These are the same products that Zurich International reps sell to just about everybody they can collar in Singapore.

I just wrote a fun article about variable annuities here: 

Read My Article Here

About the author

andrew hallam

I'm a freelance finance writer, lucky enough to have been nominated as a finalist for two Canadian National Publishing Awards. I'm also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School, a book explaining how I became a millionaire on a teacher's salary, while still in my 30s. Working to empower people financially, I'm available to motivate and inspire people on basic retirement planning and index investing. I'm happy to comment on your questions, first, please read the Terms of Use.

Permanent link to this article: http://andrewhallam.com/2012/04/could-a-zurich-international-rep-do-jail-time-for-selling-a-variable-annuity/

3 comments

  1. avatar
    Chris the Truck Driv

    Howdy Andrew, WOW variable annuities at 3 or 4 % That is outrageous! I always thought those were some Funky investment products! I hope my Mom and Dad don't have any of these annuities! On another issue, as you know I am stacking my Roth IRA with mostly Vanguard low cost funds like VTI, my question here for you today is about the 401k my company offers me! My company has John Hancock as the Plan offered too us, I have 3 funds in this which I think are the lesser of all evils here due to very high Expense Ratios. Fund #1 : DFEVX (1.63%) Fund #2 : JETSX (1.07%) and Fund #3 :TRREX (1.68%). Not only do these Funds have very high Fees but my Boss has recently stopped the Matching Contribution due to the very high cost of Business in California! Should I keep adding 15% of my Paycheck, or try to find some other investment opportunity? Perplexed in Sacramento! Chris the Truck Driver

  2. avatar
    Chris the Truck Driv

    HI ANDREW, Sorry but I forgot too mention that the 3 funds I mentioned in my recent POST have lower Expense ratios by themselves but John Hancock adds an AMC fee and a Sales & Servive fee on top of it! Chris the Truck Driver

  3. avatar
    homepage

    Fantastique poste :persiste comme cela

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