I received an e-mail advertising a promotion for a Harley - I just have to sell enough of one particular annuity company - American Equity Investments. Isn't it strange that a company that only sells fixed annuities has "American" "Equity" and "Investments" in their name?
When is this nonsense going to stop? A person's savings should not potentially be invested in a particular company's annuity product so that an insurance agent might earn a special perk.
Insurance agents should be the first one's to condem this. We need good, ethical insurance agents and this kind of blatant bribery is unethical in my opinion.
Here's the ad, you decide:
Scott Dauenhauer, CFP, MSFP, AIF
The Teacher's Advocate
Meridian Wealth Management