by Structured Settlement Watchdog
State law generally prohibits insurance agents and companies from using state guaranty associations in advertising and solicitation of insurance products
Annuity.org Uses “Forbidden Fruit” as a Lure
Annuity.org has made an extensive publication of the details of State Life & Health Guaranty Associations for the purpose of getting consumers to purchase annuities.
As you can see below from the first screenshot, Chris Magnussen is held out as “a licensed insurance agent AT Annuity.org“. According to his Linkedin profile, Magnussen is a licensed insurance active with Insuractive from Omaha Nebraska. Insuractive is a partner of Annuuty.org The second image shows that the intention is to sell annuities. It’s an obvious call to action. After all it is Annuity.org!
Like it or not “dems da rules”
However, despite Elaine Silevstrini citing multiple sources, despite the two further people reviewing the output pre-publication, the publication represents an abject failure to comprehend partaking in “forbidden fruit”. If your licensed agent is Magnusson and you’re soliciting Nebraska consumers, you might want to read Neb.Rev.St. § 44-2719.01. Like it or not “dems da rules” I can assure you that New York Department of Financial Services will not put up with a listing of every state association and limits.
An annuity is an insurance product
If you’re a consumer and you need the answer to a question that you insurance agent is a bit sheepish about answering on the topic, he or she is actually being ethical. Read more here Home – NOLHGA