Selling Variable Annuities to Elders
Author: Loree Cook-Daniels.
Source: Volume 09, Number 02, July/August 2006 , pp.23-24(2)
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Abstract:
In New Jersey, the surviving children of a millionaire have sued his Merrill Lynch broker, charging her with elder exploitation for selling the man and his wife more than $30 million worth of variable annuities in the years before he was declared incompetent. This article discusses this and similar cases.Keywords: variable annuities to elders; getting help for elder investors
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