Nevada ad campaign sinks its teeth into fraud.The Nevada Division of Insurance has launched a TV and billboard campaign likening lik·en tr.v. lik·ened, lik·en·ing, lik·ens To see, mention, or show as similar; compare. [Middle English liknen, from like, similar; see like2 shady annuities salespeople to wolves and other predators, then warning residents to "Check before you write a check." The multimedia effort, titled "Bad Animals," is Nevada's answer to "the recent increase in fraudulent annuity investment claims" in the Silver State, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the agency. "Many people who purchase these products don't even understand what they're buying, and that their money could be tied up for a long time unless you want to pay significant surrender charges to get out early," division actuary Annette James said. Not everyone is amused by the campaign. Tom Burns, chief distribution officer at Allianz Life Insurance Company of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , stressed that the vast majority of annuities and insurance agents are honest and that they offer worthwhile products. "Annuities are valuable because they are the only product that can provide a guaranteed income for life," Burns said. "With 70 million baby boomers See generation X. reaching retirement age in the next decade, annuities offer peace of mind to consumers who may outlive out·live tr.v. out·lived, out·liv·ing, out·lives 1. To live longer than: She outlived her son. 2. their pensions and savings 7 |
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