Your Article on Annuities

Q: I regret that I didn't check SeniorJournal.com first before I signed all the papers for the Equity Indexed Annuity. The reason I suspect that I was a target of such schemes is because the sales agent never asked me to read all the papers just asked me to sign them.

After I read your article on... the senior journal, then I realized the EIA offered by "Sun Life Insurance Co." must pay all the sales agents a very high commission, otherwise the sales agent wouldn't want to put my money into this company's EIA without even consulting with me at all.

Although, I signed all the papers that I never read. The good thing is I didn't transfer my money to the sales agent yet. I already sold my stock and the money is sitting in my bank account for now. I want to check with you about this Sun Life Insurance Company before I'll continue the next step.

(1) Does the rating of the EIA issued by this company is good or bad? (2) The sales agent belong to "Tarkenton Financial", a National Insurance Marketing Company. This company has offices in both Las Vegas, Nevada and St. George, Utah.

Is this company legitimate? If so, does this Company's financial situation stable?

Your prompt help will be appreciated very very much. Thank you again.

A: Thanks for contacting me.

I think you are asking the wrong questions because they really aren’t relevent. A good place to start is to educate yourself on the financial services industry. This Special Report will help you know if you even need an advisor:

Financial Self Defense

Let me know if I can be of further help.

Your posted comments on this and other questions are welcome.
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