And that's the nature of the beast - the annuity industry brainwashes the salesmen that it's a good product so they actually beleive they are doing the best thing for their client. My cousin did the same thing with his own grandmother.
The financial industry needs a good kick in the derriere. THey have to stop marrying advice with the products they peddle.
No wonder 50% of Americans are going to be underwater with their mortgages - mortgage salemen, annuity salesmen. . .Wall Street has gotten everything it's deserved but still needs more.
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