Disclosure: I am a financial advisor. I had an acquaintance up there who asked me about the CD rate. First gut check, there is no rate like the one he gave me. My friend was adamant when I told him it can't be a CD. It's what he told them he was looking for when he called. It took a bit of digging. They have no web page which is also odd. They are First American Trust of Central Florida, not to be confused with Central American Trust, which I imagine happens often. I didn't find a CD anywhere close to what my friend was telling me so he sent me a copy of the ad. It is an annuity, not a CD. It is issued by ELCO Life and Annuity, a B rated company. Second Opinions are a must, as is Broker check!
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