Were you sold Life Insurance as a "Tax-Free Retirement

by MaxHerr » Sat Apr 21, 2012 11:30 pm
Posts: 7886
Joined: 29 Nov 2009

If you have been sold a retirement plan by any agent or other person only to discover that what you really have is a form of life insurance, please contact me!!

Various websites, insurance agents, even insurance sales organizations and companies, have dramatically increased the amount of advertising and solicitations of life insurance disguised as a TAX-FEE RETIREMENT PLAN, such as a "Roth IRA on Steroids" or as an "INFINITE BANKING" (or "BANK ON YOURSELF") scheme. Were you shown an illustration leading you to believe you could have a multi-million dollar tax-free retirement fund for only a few hundred to a few thousand dollars per month?

These schemes are FRAUDULENT, and misrepresent life insurance as a "TAX-FREE RETIREMENT PLAN" . . . better than your 401(k), 403(b), IRA, or even your Roth IRA. Please don't fall for their slick presentations! The sale of life insurance as anything else is a violation of state insurance laws.

But if you have already become involved in something like this, there is help available. You may be entitled to recission of your contract, and full restitution of all premiums paid.

Several class action lawsuits are being prepared for litigation in various state and federal courts against major insurance companies, agencies, and agents. If you have been abused by an agent, insurance company or agency, or a "financial adviser" in this manner, please contact me. We will investigate your situation and find you legal representation.

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