Filed Under:Annuities, Sales Strategies

Annuity Sales in the Post-Madoff Era

Bernard Madoff in 2008 photo. AP/Jason DeCrow.
Bernard Madoff in 2008 photo. AP/Jason DeCrow.

I hate to admit it, but I watch soap operas. Yes, they are silly and improbable but sometimes they can be a window into public perceptions.

Take, for example, a recent storyline on The Young and the Restless. Finally, the audience knows why the town mean girl, Phyllis, is so malicious. What turned her into such an off-the-charts nasty nutcase? Her father, as it turns out, was a financial advisor who swindled old people and threw her out when she turned him in. (You have to suspend disbelief that she would have the wherewithal to do so as a teenager.) Ah, now we know the real villain.

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Nichole Morford

Nichole Morford
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