Annuity Sales = Cool Gadgets…We Don’t Need No Stinkin’ Fiduciaries!

I received this little ad in my inbox this morning, it caught my eye as I’m a HUGE fan of Apple, Inc.

For only $100,000 in annuity premium an insurance agent could own this beautiful iPad, but wait there is more. Submit $300,000 in annuity premiums and you can receive a 42″ LED Television, but wait, there is more, if you act now…for only $750,000 in annuity premiums submitted you can be the proud owner of a MacBook Pro (mind you these are $3,000 machines). For all you overachieving annuity pushers, we have something special for you, it’s so special that we can’t even say – but submit $1 million in annuity premiums and be blown away.

Where is ASPPA/NTSAA in all of this? Doesn’t it seem like a good idea to simply NOT allow compensation to be a driver of what is sold to a client?

The fact that this silliness remains is a testament to the power of the insurance lobby. At least we now know what has been driving Apple’s huge market capitalization…Annuity sales!

Annuity Sales = Cool Gadgets!

There is a difference between an Advisor and a sales person.

Scott Dauenhauer, CFP, MSFP, AIF

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