Has this happened to you?

In your quest to improve your quality of life during retirement years, you took the trusted advice of a broker or agent and invested in an equity indexed annuity (EIA). Perhaps you didn’t ask the right questions or EIAs were not properly explained to you – at least not explained in easy to understand terms. Perhaps the pros of investing in EIAs were outlined but the cons of investing in EIAs were glossed over.

Are you a retiree or soon to be retiree? If yes, then an EIA is not a good financial investment. It will take several years for an equity indexed annuity minimum guarantee to break even. You can lose money buying an equity-indexed annuity, especially if you need to cancel your annuity early. Even with a guarantee, you can still lose money if your guarantee is based on an amount that’s less than the full amount of your purchase payments. The equity indexed annuity is not a friendly investment tool because you may have significant surrender charge and tax penalties if you cancel early.

Regardless of all the EIA cons, dishonest brokers and agents still try to pawn the EIA off on trusting investors like you.

Have you been taken advantage of regarding your equity indexed annuity? You may be eligible for an EIA lawsuit. A stockbroker attorney can evaluate your situation and discuss your legal options. Start now with a free and confidential legal consultation.