I don’t want to sound like a broken record, but it’s because of annuities sold in this lawsuit, and pushed by IMOs I would have a tough time recommending, that I put out newsletters titled The Best FIA IMOs Won’t Offer. To learn more, click on the following link:

https://advisorshare.com/best-fia-imos-wont-tell-you-about

To download the complaint in a PDF (no signup form required), click on the following link:

http://www.uploadedimages.net/content/PDFs/Security.Benefit.Class.Action.Complaint.pdf

While I blame the insurance company for its greed, I also blame the IMOs who push, and even sometimes even help create, these products.

A few IMOs were named in the lawsuit as supporting the SB annuity with the main one being Advisors Excel (From the complaint: Todd Boehly, the Chairman of Security Benefit, and Cody Foster, co-founder of Advisors Excel, attended Washburn College together. Security Benefit and Advisors Excel partnered to develop the Secure Income and Total Value Annuities). 

As I stated in my newsletter, if a product looks too good to be true (and if it’s paying commissions that are abnormally high), it’s probably a product you want to stay far away from.

Finally, one of the primary reason this product illustrated so well was because it used Volatility Control Indexes (VCIs) to drive their hypothetical returns.

I explain and dissect several different VCI indexes in my 16-page VCI White Paper.

Click on the following link to download:

https://strategicmp.net/vci-white-paper

Roccy DeFrancesco, JD
roccy@strategicmp.net
269-216-9978