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 Posted: Wed Mar 18, 2009 5:36 pm Post subject: How to spot Annuity FRAUD. |
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The devil truely is in the details butt he is easy to spot, all one really needs to do is read and say to themselves, Hmmmmmm, interesting?
For example, the first graphic below IS from an "actual" sales booklet and IS pure fraud.
Wouldn't you agree?
As Jon Stewart would say, WTF?
Now let's contrast what IS "stated" above with Honestly and Integrity, to wit:
Question #1:
Which product more likely than not would be SOLD by Bernard Madoff?
Follow up question for Mr. Gibbs?
Which product more likely than not would be offered to clients by Professional Insurance Agents to Mom & Pops across the kitchen table pursuant to Florida Statute 626.747?
See THIS LINK.
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626.747 Branch agencies.-- (1)(a) Each branch place of business established by an agent or agency, firm, corporation, or association shall be in the active full-time charge of a licensed general lines agent or life or health agent who is appointed to represent one or more insurers.
Any agent or agency, firm, corporation, or association which has established one or more branch places of business shall be required to have at least one licensed general lines agent who is appointed to represent one or more insurers at each location of the agency including its headquarters location.
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Gary Spicuzza, *SAFE
Copyright 1956.
No Rights Reserved.
*Self Appointed Financial Expert |
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GarySpicuzza
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Joined: 03 Apr 2008
Posts: 944
Location: West Pasco County, FL
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| Posted: Sun Mar 22, 2009 12:26 pm Post subject: |
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^_BUMP_^
_________________
Gary Spicuzza, *SAFE
Copyright 1956.
No Rights Reserved.
*Self Appointed Financial Expert |
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GarySpicuzza
Forum Expert
Joined: 03 Apr 2008
Posts: 944
Location: West Pasco County, FL
237.20 Dollars($)
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| Posted: Mon May 04, 2009 12:22 am Post subject: |
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| Gary, I am missing what you are trying to say here. What is it that is fraudulent and why is it fraudulent? |
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InsuranceExpert
Senior member
Joined: 05 Apr 2009
Posts: 650
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| Posted: Sat May 23, 2009 10:32 am Post subject: |
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| Quote: | | Gary, I am missing what you are trying to say here. What is it that is fraudulent and why is it fraudulent? |
Thank you for asking!
My client's bought the contract that pays the 10% premium bonus and pays 3.3% interest guaranteed for three years.
At the end of 3 years their $200,000 will grow to $242,506 GUARANTEED!
Now, trick question for Insurance Expert:
Please post the EXACT amount of money the client in the John Hancock Variable Annuity will have in their contract at the end of three years who invested their premium in the Bernard Madoff type fund?
Where's InsInvestigator when we need him?
_________________
Gary Spicuzza, *SAFE
Copyright 1956.
No Rights Reserved.
*Self Appointed Financial Expert |
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GarySpicuzza
Forum Expert
Joined: 03 Apr 2008
Posts: 944
Location: West Pasco County, FL
237.20 Dollars($)
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| Posted: Thu May 28, 2009 7:13 pm Post subject: |
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Gary, I'd like to have an intelligent conversation with you about this, but I'm confused as to what you are trying to say.
| Quote: | | Please post the EXACT amount of money the client in the John Hancock Variable Annuity will have in their contract at the end of three years who invested their premium in the Bernard Madoff type fund? |
The answer is that the contract value will be somewhere between $0 and millions. |
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InsuranceExpert
Senior member
Joined: 05 Apr 2009
Posts: 650
140.51 Dollars($)
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