Banks push fixed pensions
If Karen Simons called the Bank for more information on certificates of deposit rates earlier this year, she received a solid earful on pensions.
And if Barb Jankowski CD’s, it was to mature in July, a sales representative of his bank invited Pitch annuities. “She called me at least six times,” said Jankowski, human resources executive of Indianapolis. “I always tell them that I am not interested, but still it.”
Given that interest rates, has collapsed to its lowest level in 40 years, banks have been aggressive in promoting these products as assurance of a better alternative than the CD. But while fixed pensions can be a good option for many conservative investors, they are not for everyone.
Annuities are complex financial products. And some representatives sell insurance solid pensions by banks are not a good job of explaining.
Simons, a retired officer of Bank Trust Ligonier, Pa, said the person, she is trying to sell fixed annuities on the phone appeared to be reading a script. If Simons asked about the security of retirement, the seller had a difficult time to go beyond, a dose of meat answer. “She was very aggressive,” says Simon. “And I do not think she ever gave me the CD-sets, I asked.”
Related Articles
Longtime Cumberland County prosecutor dies at 77
CAPE ELIZABETH, Maine—Henry Berry III, a former Cumberland County district attorney, has died at his home in Cape Elizabeth at age 77. Berry was elected first as county attorney in 1972 and then as district attorney for eight more years. He helped launch Pine Tree Legal Services and continued to represent
Gift Cards must never go even Ungenutzte.
It is past nine months off, but the gift card is still in your wallet. Maybe not close the store. Perhaps like the card was elsewhere. Either you are simply too busy. No matter You know darn well that the next September, this card is still in your purse. You now
State close to the initiative of greenhouse gas
The house has provisional Thursday on a plan of Maine, a multi-state efforts to reduce greenhouse gas, pollution. The house was 130-7 in favor of the bill. The measure must be a vote in parliament before he goes to the Senate for consideration. The 10 northern states of greenhouse gas regional initiative
Ministry of Justice commission of inquiry endangers the development of MCI.
Just as MCI has seemed ready to be back in a bankruptcy, an investigation by the Department of Justice, if it is illegal to circumvent local disk "fee paid shadow over the company, once known as the name of WorldCom, Inc. MCI has pledged to cooperate with the request, a portion
Actions alleged secret PBMs negotiated between companies and pharmaceutical companies.
The press Access Management Process (PAL) project and the American Federation of State County Municipal Employees (AFSCME), AFL-CIO, said they have filed an appeal against the nation four largest pharmacy benefits Manager (PBMs ) Yesterday blowing artificial price included a drug. The four companies, Advance PCS, Express Scripts, MedCo Health
State and local officials work to head off problems before they start
D'State and local officials say they are the stages of the prevention of violence links, but no more cases of links between ripe. While the state does not have a critical problem Band, it does not mean it does not exist in the state, tapes, and New Hampshire has been to
Showdown trades such as children's health Bill passports
The Senate, by an overwhelming vote bipartie yesterday, President Bush sent a growing $ 35 billion of the State Children's Health Insurance Program, the creation of the largest interior struggle of his presidency and the launch of a campaign that reverberate in the elections of 2008. Mr. Bush praised the action
Bankruptcy's New Era
Sharon Moore says life "felt like a whirlwind" after her seven-month-old restaurant in Portland, Maine, failed in February. The 38-year-old single mother said she struggled to find work and keep up payments on a small-business loan and other debts that totaled more than $18,000. Late fees and other penalties sent her
Maine Business Leaders Support Taxpayer Bill of Rights
We the undersigned heads of Maine-economic, express our strong support for the Maine Taxpayer Identification Number Bill of Rights, a question of the November 7th vote. Our high taxes and poor economic climate, it is increasingly difficult for business owners to grow and create new jobs for our citizens and higher
WGME said prosecutor to identify children in pornography probe
Maine WGME-TV, Portland, Maine reported that the top prosecutor in drug, James Cameron, has been the subject of an investigation because the alleged possession of child pornography. A spokesman for the Attorney General's Office, said Cameron, head, his unit tracking drugs, paid administrative leave. The spokesman, neither confirm nor deny that