Some excerpts from web site brokerschoice.com:
While Dateline pointed out certain potentially negative things about some annuity products, the story was really about the presence of participants in the industry who fail to disclose material facts about their product. This might be in the form of "overcoming objections" or other classic selling strategies. But selling strategies are no excuse for lying to prospective customers about the risk of their money in bank accounts, misleading them about provisions of the annuity contract, or refusing to answer direct questions.
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