Truth 43. Annuity scams and senior citizens
"I play my part and you play your game. You give love a bad name."
—Bon Jovi
The sellers of deferred annuities to senior citizens who may not be suitable for deferred annuities don't give love a bad name, but they certainly give a bad name to all the honest annuity salespeople who believe in their products and sell them only to people for whom they may be suited.
The problem with selling deferred annuities to senior citizens is that time may not be on their side—deferred annuities work best only if you indeed do have time on your side.
The trouble with deferred annuities
Immediate annuities, where the person buying it begins receiving payments right away, may be a good and appropriate investment for ...
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