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AssetBuilder Inc. - Registered Investment Advisor » Scott Burns Conversations » Article Questions » Sales Commissions versus Reality

Sales Commissions versus Reality

Last post 08-28-2007 2:50 PM by scottb. 17 replies.
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  • 06-26-2007 5:43 PM In reply to

    Re: Sales Commissions versus Reality

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    David,

                    Your money is safe. The issue with some of the Alliance products, such as their equity index annuities, is the return you will receive relative to the penalties you face if you need early access to the money. As cited in a recent column, many experts believe that the return is less than you would receive in less cumbersome investments.

    Scott

  • 08-27-2007 12:20 PM In reply to

    • Rita
    • Top 200 Contributor
    • Joined on 08-27-2007
    • Posts 2

    Re: Sales Commissions versus Reality

    Reply Contact

    Scott,  

    I also invested in an indexed annuity with Allianz...Am I automatically a plaintiff/petitioner in these lawsuit(s)?  If not, how do I become a part of them? Or do I just wait and see what the outcome of the lawsuit(s) will be?

     

  • 08-28-2007 2:50 PM In reply to

    Re: Sales Commissions versus Reality

    Reply Contact

     No, I don't believe you are automatically a petitioner. I'm not an expert in these matters so I hope an attorney will join in and tell us what usually happens.

    The class action suit against Allianz is based on claims of inappropriate sales of EIAs to elderly people. It is supposed to be near settlement and will affect some 60,000 policy holders.

    You can learn more about this by googling "Allianz+class action"

     

    Scott 
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