California bank annuity sales fraud lawyers, turn every ltc sale into an annuity sale & vice versa, bank annuity sales.

California Bank Annuity Sales Fraud Lawyers

The Law Offices of Nadrich & Cohen, LLP has recovered over $75 million on behalf of our seriously injured and defrauded clients. Our law firm has the necessary skills to represent your bank annuity sales fraud matter, and we have represented investors who have been the victims of financial fraud and scams. We are an aggressive law firm with lawyers who are passionate about protecting your rights. The Law Offices of Nadrich & Cohen, LLP has a Corporate Office located in Los Angeles, and offices located in San Bernardino, Riverside and the San Francisco Bay area for your convenience.

Innocent people become victims of bank annuity sales fraud and scams in the United States on a regular basis. In fact, senior citizens are typically targeted by scammers in bank annuity sales fraud schemes. Investors are taken advantage of by unethical sales agents, investment agents, and bank employees who are trying to profit off of innocent people. The effects of bank annuity sales fraud can be devastating and cause financial ruin. Unsuspecting bank annuity sales fraud victims may be forced to live without the security of a stable financial future.

One common annuity fraud scheme is when an investment agent devises an intricate scam to defraud unsuspecting people by convincing them that their investments are not safe or advantageous. The agent then tries to convince them to put their money into the investments that they suggest, therefore profiting by defrauding innocent investors. Many elderly investors have been fraudulently persuaded to invest in long term financial plans, often not in the investor's best interest.

It is very important to periodically check your investment portfolio and make sure that your finances are in order and that you do not find anything suspicious. The following are signs of possible bank annuity sales fraud:

• Your investments have lost a large sum of money.
• Your mutual funds have gone down. " Your retirement funds have decreased.
• Your investment agent is secretive about the location of your funds and/or is withholding financial information.
• Your investment agent assured you that you would gain a large amount of money without any risk.

Investment agents and companies that have committed investment fraud should be held liable for their illegal activities at the cost of innocent investors. An example of this is when AmSouth Bank was fined over $200,000 for the improper handling of variable annuities in 2004.

Our bank annuity sales fraud lawyers have the legal knowledge and resources to expertly represent your bank annuity sales fraud case. For more information baout annuity sales please visit Personal Injury Lawcal.

Turn Every LTC Sale into an Annuity Sale & Vice Versa

The same prospect buys both LTC and annuities - are you getting both sales?

In this one-hour teleconference, Larry will show you how to identify the prospect that is ideal and “predisposed” to buy both LTC and annuities at the same time!

Then, he will show you how to:

• find the prospects that buy both products
• read a tax return to uncover the need for both LTC and annuities
• position yourself as a senior asset protection expert
• transition the relationship from an annuity sale into a LTC sale
• easily transition the relationship from a LTC sale back into an annuity sale
• fill your appointment calendar - get senior clients to INTRODUCE you to their friends

Bonus #1:

In addition, we will also throw in Larry's written instructions: How to Read a Tax Return to Uncover Financial Planning/Sales Opportunities Several advisors have reported that this special bonus (all by itself) has put thousands and thousands of extra dollars in their pocket. It shows exactly what you need to look for to uncover hidden assets - money to fund LTC sales or that should be in either an annuity or single pay life insurance.

Bonus #2:

50 client retention tips from some of the best and brightest advisors in the industry. My suggestion with this one bonus... click through these tips one at a time immediately upon receipt. THEN... Implement each and every one of them and you will NEVER, ever, ever have to worry about client loss again! To order this CD of annuity sales please visit NF Communications.

Bank Annuity Sales Declined 7% In August

Bank sales of fixed and variable annuities fell 7% in August to $4.1 billion, from July’s near-record $4.2 billion, reports the Kehrer-Jackson National Monthly Bank Annuity Sales Survey.

Both fixed and variable annuity sales declined, according to the survey, compiled by Kenneth Kehrer Associates, Princeton, N.J.

Although down from the month before, August sales were up 4% over year-ago levels, notes Brad Powell, president of Jackson National Life Insurance Company’s institutional marketing group, which sponsors the monthly survey.

Bank sales of fixed annuities in August were down 5% to less than $3.2 billion. May recorded the all-time high, when banks sold more than $3.5 billion of fixed annuities for the month.

Fixed annuity sales from all insurance companies have now fallen in two of the three months since that record high, the reports notes, although they were still 5% above the same month a year ago.

Fixed annuity sales have benefited from their wide rate advantage over short-term certificates of deposit. The average base crediting rate on fixed annuities was 3.9% in mid-August, which was 201 basis points higher than the average one-year CD, the report notes. The average fixed annuity with a first-year bonus was crediting 308 basis points more than one-year CDs.

This rate advantage, however, has shrunk in recent months and is starting to make an impact on fixed annuity sales. In mid-September, the base rate advantage of fixed annuities dropped to 187 basis points, and the average bonus rate annuity was crediting 293 basis points more than the average one-year CD.

Nonetheless, an investor can still earn more than twice the yield in a fixed annuity than in a one-year CD, not even counting any first-year bonus interest or the tax advantages of an annuity, notes Kehrer.

The shaky equity markets dragged variable annuity sales down from almost $1.1 billion to $925 million, a 14% drop. Bank VA sales from all insurers had increased in four of the five previous months.

"Since VAs fell much more than fixed annuities, the ratio of fixed annuity sales to VA sales increased," says Powell. "Banks sold $3.44 in fixed annuities for every $1 of VA in August, compared to $3.11 to $1 in July. The ratio had been creeping toward variable annuities over the past few months."

The Kehrer survey monitors annuity sales from a national sample of banks, S&Ls and credit unions. For more information about bannuity sales please visit The National Underwriter.