Avoid the Annuity Salesperson

Avoid the annuity salesperson! Annuity salespeople try to persuade you by using the term “free”. However, when that term is used, there is most likely a catch. There is a huge gap between annuity salespeople and their clients in the way they are compensated. They usually receive approximately a 10% commission, thus motivating them to sell you a product you may not need. These annuity sales are regulated by the financial service industry, but unfortunately, the regulations are very broad. Being informed about annuities is very important due to the fact that sales of annuities can be based on the fear of losing money or the market crashing. Thus, making you vulnerable to falling for the sales pitch. Next time you get an email, phone call, or text from an annuity salesperson, remember free financial planning really means product sales. Avoid the annuity salesperson, and protect your assets by speaking with someone who can help manage your finances in your favor and not theirs!

Casey Smith
President

Recent posts

  • How will a potential government shutdown affect your portfolio?
  • How to Differentiate between Marital and Non-Marital Assets
  • What is a charitable remainder trust?
By Published On: February 18, 2022

Share This Story, Choose Your Platform!

Wiser Wealth Management, Inc (“Wiser Wealth”) is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC). As a registered investment advisor, Wiser Wealth and its employees are subject to various rules, filings, and requirements. You can visit the SEC’s website here to obtain further information on our firm or investment advisor’s registration.

Wiser Wealth’s website provides general information regarding our business along with access to additional investment related information, various financial calculators, and external / third party links. Material presented on this website is believed to be from reliable sources and is meant for informational purposes only. Wiser Wealth does not endorse or accept responsibility for the content of any third-party website and is not affiliated with any third-party website or social media page. Wiser Wealth does not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by third party websites or on social media pages. While Wiser Wealth uses reasonable efforts to obtain information from sources it believes to be reliable, we make no representation that the information or opinions contained in our publications are accurate, reliable, or complete.

To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Wiser Wealth or any of its investment professionals. Advice provided by Wiser Wealth is given only within the context of our contractual agreement with the client. Wiser Wealth does not offer legal, accounting or tax advice. Consult your own attorney, accountant, and other professionals for these services.

Sign up for our newsletter!

Our latest blogs, podcasts, and educational videos delivered to your inbox weekly.