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

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

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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3 Responses

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  2. Chris the Truck Driv says:

    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

  3. Chris the Truck Driv says:

    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

  4. homepage says:

    Fantastique poste :persiste comme cela

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