Comments for Jeff Camarda

Comment on Annuties: True Stories to Learn From by Lynn Ellen Thompson

Lynn Ellen Thompson — Sun, 29 Jun 2008 21:47:25 +0000

How does a money manager get away with selling a Universal Life Insurance Policy that yields no interest or dividends for 17 years to a 84 year old woman? There outa to be a law against this. I heard so many excuses from this agent: it was income tax free, it was for 500 thou, no wrong amount …. well she can cancel anytime — oops 50 thousand cancelllation fee! And oh sorry she’s already paid over 90 thousand dollars. The premium .. you guessed it – 28 thousand a year. His fee 95% commission .. oh and it get’s worse!!!!!!!!!!!!!

Comment on Annuties: True Stories to Learn From by alex glatt

alex glatt — Sun, 27 Jan 2008 00:13:52 +0000

I am a 56 year old male embarking on a new career after working for the state of NY for 30 years. I was taken in by the greed aspect of a young salesman who was starting his own ins branch in suffolk county for long term care insurance. At his urging I got a Life,accident and health insurance license and then found the company I was working for was too far from me physically to be practical to make any money; further I received no training in the products from them and was terminated by mutual consent. I approached Met Life and now find they want me to take a series six license to sell the products you list above. I do not know if I want to sell these products and I have received no money for any of the training or licenses I have. I am told I am in business for myself but have no product to sell or company to work for as Met life has said until I pass the series 6 and sell 5 contracts I will not be hired.
It seems like the system is set up to force agents to follow the patterns you list above which I will not do as I still have ethics and morals. Do you have any suggestions as to my breaking this career pattern or should I just give the company back its books and chalk the licenses Producer and Broker and course (my out of pocket expenses of 600 bucks) to experience and just do volunteer work? I have also beeen told it would take 3-5 years of pulling in clients to make a living if then? You may contact me by tel 718 441 8744 thanks.

Comment on Local Jobs – An Open Letter to Clay County Government by gadax

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Comment on Annuties: True Stories to Learn From by Sandra-du

Sandra-du — Wed, 03 Oct 2007 01:11:43 +0000

Comment on 2007 Economic and Markets Forecast by Sebaa

Sebaa — Tue, 07 Aug 2007 09:00:18 +0000

Thanks! I’m from a foreign country, but your analysis will give me insight when analyzing the local market.

Comment on 2007 Economic and Markets Forecast by managementnetwork.org » Investing In Mobile Homes

managementnetwork.org » Investing In Mobile Homes — Tue, 10 Jul 2007 02:36:56 +0000

[...] Accelerating price drops, sellers anxiety, and lenders woes: buyers will be scarce, frightened, and renting while they wait and see. While northeast Florida, Camardas home market, spared much of the bubbles froth and still a …2007 Economic and Markets Forecast [...]

Comment on Annuties: True Stories to Learn From by Patty Cranmer

Patty Cranmer — Mon, 11 Jun 2007 14:25:05 +0000

My mother and her husband (deceased in 2003) were scammed for over $800,000 in annuities with New York Life. Luckily, the principal has not been lost, and I have been helping her to cash them in as they become due although we can do nothing about the $300,000 sold in immediate annuities. After my mother was widowed, she was conned and then neglected by her financial advisor. He is under investigation now by New York Life, and they will only admit that he took $100 in a gratuity check from her shortly after her spouse died. She wanted to reward him for driving to her home to help her “sort” out papers. I believe he took the paper work from the annuity he talked her into selling (NYL) and then talked her into buying another one immediately. The company will not give me info on this annuity as I was not POA at the time. The agent did admit to taking the money. What can I do legally to prevent him from selling to others? That should have been illegal, and I am trying to get proof of the cashed check to report this. Who do I report this to? I have written NASD. I do not trust anyone anymore.

Thanks.

Comment on Prudent Investing: The Essence of ISIS® by Jeff

Jeff — Mon, 09 Apr 2007 00:05:57 +0000

Thanks, guys!

Comment on 2007 Economic and Markets Forecast by Sue & Roger

Sue & Roger — Thu, 22 Mar 2007 13:00:02 +0000

Just want you to know I read it, enjoy it and find it extremely interesting.

Thanks !

P.S.
Hmmm “financial forecasts are somewhat less reliable than long-range weather forecasts” (and we know that long-range weather forecasts are absolutely not reliable),,,,,,,,,,,,,,well put and point taken!

Comment on Annuties: True Stories to Learn From by Jackie Wieczorek

Jackie Wieczorek — Wed, 21 Feb 2007 21:20:58 +0000

I live in Michigan and am 60 years old. My 10 year annuity has matured in 2005. Right now I have it in a fixed at 3%. I do not want to buy another annuity but that is all I can do according to my financial advisor. Should I take $50,000 out and pay the taxes. and leave $100,0900 in fixed and buty $100,000 annuity?. I dont know what to do. I have other investmens with America Funds. I have done well with them. What to do?. Everybody has a product just for the commission. Please advise.