Moulton & Arney, LLP Warns Veterans To Be Cautious When Purchasing Annuities To Qualify for VA Pensi

Veterans should be wary of financial planners or investment advisors recommending an insurance annuity to qualify elderly or disabled veterans for a pension from the U.S. Department of Veterans Affairs. (PRWEB) October 23, 2012 This month the National Association of Insurance Commissioners (“NAIC”), issued a Consumer Alert indicating that some planners are placing injured and senior veterans in unsuitable insurance annuities or failing to adequately explain the potential drawbacks. Veterans who are disabled or at least 65 years old and have an annual income lower than the prescribed maxim
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