- 8,707
Re: Agent Arrested for Selling Senior an Annuity
I have a question...I know the carriers can and do limit annuities by age ie 0-80, 0-90 etc....my question is does that portion get reviewed and approved by the DOI as well....Did the DOI not only approve the product for sale but approve it for sale to 81-83 year olds?
My thoughts exactly, getting arrested for an approved product? Sounds like someone trying to make a name for themselves. Unless this agent ACTUALLY embezzled money somewhere in this transaction ( which could be possible) being locked up for a improper sale seems a bit of an over reach.
I have a question...I know the carriers can and do limit annuities by age ie 0-80, 0-90 etc....my question is does that portion get reviewed and approved by the DOI as well....Did the DOI not only approve the product for sale but approve it for sale to 81-83 year olds?