Annuities aren’t for everyone yet there are many brokers that sell these investments just to generate sales and earn commissions as high as 8%!
If you or a loved one has invested in a variable annuity, index annuity or fixed annuity you may have been the victim of investment or insurance fraud.
If a broker recommended that you sell your existing annuity and buy a newer one because it has better features or because it pays a bonus you may have been the victim of investment or insurance fraud.
Many investors are sold annuities or other insurance products by unscrupulous securities brokers or insurance agents who fail to discuss the high risks and fees associated with these investments. Retirees and other investors have been shocked to find their retirement money, savings, college funds, and other funds inaccessible without taking substantial losses and fees due to poor investment management, risks and undisclosed penalties.
The Securities Law Firm of Menzer & Hill, P.A. is dedicated to helping investors who have been victims of fraud in the solicitation or sale of variable annuities, index annuities, fixed annuities, variable life insurance and other insurance products. If a broker failed to discuss with you the risks of variable annuities or if the type of investment was unsuitable for you given your age, financial situation, and other factors, you may be able to recover your financial losses.
Contact us today for a free initial consultation.