The Santa Clara County District Attorney’s Office has produced a video Public Service Announcement to help consumers who may be considering investing their money in potentially risky annuities.
These often misunderstood, complex insurance investments are aggressively marketed to seniors. The five-minute PSA is intended to help give consumers, especially the elderly in our community, information and resources to help them make an informed decision before they buy.
- Avoid high pressure sales tactics
- Beware of free lunch or dinner seminars.
- Know that these investments may come with restrictions and high surrender fees
- Make sure you are buying from a licensed agent
Media members who have further questions about annuities or the broader topic of elder financial fraud may contact Deputy District Attorney Janet Berry at (408) 792-2790.