If you go to a free lunch seminar, the presenters can only sell you two things - annuities and life insurance. They pay for your free lunch (or dinner) by selling the annuities that make them the highest commission and pay you the least amount of interest and the fewest guarantees. The only true guarantee you will get is that your money will be locked up and unavailable to you (without a steep penalty) for a very long time. True financial advisors that can offer any product are usually prohibited from selling the junk annuities that these insurance scumbags push. It's all about oversight and accountability - FINRA registered representatives have very strict oversight so that they operate in the best interest of the public, while insurance agents can get a license to sell this high commissioned garbage in about two weeks and operate with no oversight at all. It's almost like a license to lie, cheat and steal. It's crazy to the point of being criminal, yet it's true and running rampant in places like The Villages where there is a high concentration of retirees. Take a look at the article Index Annuities Are A Safety Trap on CNN Money.
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