632 Financial tips and laws for today and tomorrow

Here are the best tips for you to safeguard against annuity fraud.

Thoroughly learn everything about the product through their reviews, product comparisons, etc.

Check the accreditation of the insurance company offering this product, like the NAIC or BBB rating.

Verify with your state's insurance department to see if the insurance agent or financial advisor has the license to sell annuities.

Consult with a verified financial advisor who isn't offering the product for an unbiased opinion about annuities, your eligibility, etc.

Learn about the fees and associated penalties, including costs like surrender charges.

Do not share your data, like your social security number, before vetting the agent and the product they are selling properly.