November 13, 2008
I’m a member of FPA and a licensed financial advisor in ME and NH since 1994.
I support the proposed rule. I have one client who was age 87 and was sold an annuity with a ten year surrender period. She never knew about the surrender feature until I went over her policy as she needed the money. Others have been sold annuities with very high expenses which means more for the insurance agent and less for those who need the money. .
Ricahrd Vermeiren
The Financial Consultant