Unsuitable Annuities Tied To Reverse Mortgages
Jul 10th, 2009 | By Charles L. Stanley CFP® ChFC AIF® | Category: NewsAs more financial advisors sell insurance, a recent report indicates some could be unsuitably cross-selling annuities in conjunction with reverse mortgages.
The U.S. Government Accountability Office (GAO) report, requested by Sen. Claire McCaskill (D-MO) and released in June, cites recent cases in which reverse mortgages were sold to seniors to get them to inappropriately invest in [...]
