Monday, September 17, 2007

403(b) Company, American Fidelity Banned By Pentagon

American Fidelity, a company that markets 403(b) and other programs has been banned by the Pentagon from military bases throughout the United States as the linked document above will show.

They were banned from deceptive sales practices and other stuff that you can read about.

Why is it that the military can ban these people, but they are free to roam my wife's school district?

Why in California can this company continue to harass school teachers and be protected by law (insurance code section 770.3). Under current California law if American Fidelity is willing to sign a hold harmless agreement with a school district they can offer their products and services........a district can not ban them. This is ridiculous.

Scott Dauenhauer, CFP, MSFP, AIF
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