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TIPS for Retirement Investing in the ‘New Normal’
TIPS can preserve purchasing power, provide systematic income and offer the assurance of a government guarantee for retirees depending on income from their investments.
Firms Back Variable Annuity Product Launches With Aggressive Online Marketing Campaigns
With variable annuity sales down, firms are intensifying online product marketing campaigns to reach more prospective investors.
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February 17, 2010, Featured Articles, Regulations/Legal
The Exploitation of Sherry Pratt
Identity theft does not begin to describe the harm done to a quadriplegic woman who died of bedsores in a Chicago nursing home.
Sherry Lynn Pratt, a quadriplegic 38-year-old African-American woman, was a bed-ridden patient in a Chicago nursing home when, in December 2007, her forsaken life became the only thing standing between a group of “investors” and some $9.1 million in annuity death benefits.
Pratt died destitute in February 2008 of complications from neglected decubitus ulcers, or bedsores. But not before she served as the unwitting pawn in what her family's lawyers describe as a multi-state conspiracy that also targeted at least six of the nation's largest insurers.
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