Oh and let us not forget our Jewish brothers and sister…

Happy Hanukkah... I believe it started the 21st at sundown.

CreditOnion:

You get paid when you screw your clients, maybe hookers should pay you??

  Could you please expand on this comment?  Everyone on here that posts somewhat regularly does things differently.  It doesn't make one right and another wrong.  So how exactly does Hank or anyone else screw their clients from what you can tell on here?

snaggletooth:

[quote=CreditOnion]You get paid when you screw your clients, maybe hookers should pay you??

  Could you please expand on this comment?  Everyone on here that posts somewhat regularly does things differently.  It doesn't make one right and another wrong.  So how exactly does Hank or anyone else screw their clients from what you can tell on here?[/quote]   Don't know if this is an example or not, but just got a call today from a client whose 88 y.o. father in Memphis was sold some sort of Allianz product 10 years ago (at age 78), and they are just now finding out about it.  In checking, they've learned it was a bonus product which bumped his $300,000 up 10%, so yay to that.  However, it has a 2014 annuitization date, putting the client at age 93+ before he can begin any annuity stream.  In addition, if ANY lump sum distribution is requested/taken at ANY point (meaning no end of the surrender penalty), it drops down to his original $300,000 AND Allianz hits him for a 12.5% surrender penalty.  So, $300,000 becomes $262,500 if you ever want any access to the original investment, including a death payout.  Or he annuitizes at age 93.    The insurance guy who sold him this is long gone and nobody from Allianz will take any action on the family's request.  How is this product good for the client, who claims that the insurance guy kept telling him to think of this like a 10% bonus CD?

Sorry, Snaggle. I’m sure Hank is a straight shooter and treats his clients well. Just a touch of humor.

   

2wheeledbeemer:

[quote=snaggletooth][quote=CreditOnion]You get paid when you screw your clients, maybe hookers should pay you??

  Could you please expand on this comment?  Everyone on here that posts somewhat regularly does things differently.  It doesn't make one right and another wrong.  So how exactly does Hank or anyone else screw their clients from what you can tell on here?[/quote]   Don't know if this is an example or not, but just got a call today from a client whose 88 y.o. father in Memphis was sold some sort of Allianz product 10 years ago (at age 78), and they are just now finding out about it.  In checking, they've learned it was a bonus product which bumped his $300,000 up 10%, so yay to that.  However, it has a 2014 annuitization date, putting the client at age 93+ before he can begin any annuity stream.  In addition, if ANY lump sum distribution is requested/taken at ANY point (meaning no end of the surrender penalty), it drops down to his original $300,000 AND Allianz hits him for a 12.5% surrender penalty.  So, $300,000 becomes $262,500 if you ever want any access to the original investment, including a death payout.  Or he annuitizes at age 93.    The insurance guy who sold him this is long gone and nobody from Allianz will take any action on the family's request.  How is this product good for the client, who claims that the insurance guy kept telling him to think of this like a 10% bonus CD?[/quote]

Did this "client" mention that the product didn't even exist 10 years ago?

Hank Moody:

[quote=2wheeledbeemer][quote=snaggletooth][quote=CreditOnion]You get paid when you screw your clients, maybe hookers should pay you??

  Could you please expand on this comment?  Everyone on here that posts somewhat regularly does things differently.  It doesn't make one right and another wrong.  So how exactly does Hank or anyone else screw their clients from what you can tell on here?[/quote]   Don't know if this is an example or not, but just got a call today from a client whose 88 y.o. father in Memphis was sold some sort of Allianz product 10 years ago (at age 78), and they are just now finding out about it.  In checking, they've learned it was a bonus product which bumped his $300,000 up 10%, so yay to that.  However, it has a 2014 annuitization date, putting the client at age 93+ before he can begin any annuity stream.  In addition, if ANY lump sum distribution is requested/taken at ANY point (meaning no end of the surrender penalty), it drops down to his original $300,000 AND Allianz hits him for a 12.5% surrender penalty.  So, $300,000 becomes $262,500 if you ever want any access to the original investment, including a death payout.  Or he annuitizes at age 93.    The insurance guy who sold him this is long gone and nobody from Allianz will take any action on the family's request.  How is this product good for the client, who claims that the insurance guy kept telling him to think of this like a 10% bonus CD?[/quote]

Did this "client" mention that the product didn't even exist 10 years ago?
[/quote]   9.5, 8.65, 10.2, 7.95 years ago, or whenever this Allianz-pushing, now gone clown did it, this "client" has a father that owns a pungent piece of dung.  Does anyone know if this is the pungent piece of dung which California  and Wisconsin are pursuing legal actions against?  My guy said he was reading that there were some states involved in some sort of suitability issues against Allianz.

2wheeledbeemer:

[quote=Hank Moody] [quote=2wheeledbeemer][quote=snaggletooth][quote=CreditOnion]You get paid when you screw your clients, maybe hookers should pay you??

  Could you please expand on this comment?  Everyone on here that posts somewhat regularly does things differently.  It doesn't make one right and another wrong.  So how exactly does Hank or anyone else screw their clients from what you can tell on here?[/quote]   Don't know if this is an example or not, but just got a call today from a client whose 88 y.o. father in Memphis was sold some sort of Allianz product 10 years ago (at age 78), and they are just now finding out about it.  In checking, they've learned it was a bonus product which bumped his $300,000 up 10%, so yay to that.  However, it has a 2014 annuitization date, putting the client at age 93+ before he can begin any annuity stream.  In addition, if ANY lump sum distribution is requested/taken at ANY point (meaning no end of the surrender penalty), it drops down to his original $300,000 AND Allianz hits him for a 12.5% surrender penalty.  So, $300,000 becomes $262,500 if you ever want any access to the original investment, including a death payout.  Or he annuitizes at age 93.    The insurance guy who sold him this is long gone and nobody from Allianz will take any action on the family's request.  How is this product good for the client, who claims that the insurance guy kept telling him to think of this like a 10% bonus CD?[/quote]

Did this "client" mention that the product didn't even exist 10 years ago?
[/quote]   9.5, 8.65, 10.2, 7.95 years ago, or whenever this Allianz-pushing, now gone clown did it, this "client" has a father that owns a pungent piece of dung.  Does anyone know if this is the pungent piece of dung which California  and Wisconsin are pursuing legal actions against?  My guy said he was reading that there were some states involved in some sort of suitability issues against Allianz.[/quote]

Were you being vague about his age at purchase being 78? I think you made the whole thing up.