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Opinion: California Must Protect Citizens from Misleading Life Insurance and Annuities
1 day ago - By Bésame
The California state Capitol building in Sacramento. File photo courtesy of Sen. Toni Atkins' office
As the California Legislature begins a new session, lawmakers must act to protect Californians from losing their money buying annuities and life insurance policies they don't understand. If state government officials wait, they'll leave consumers at risk of weaker industry protections that favor insurers and agents over consumers.
In California, sales of complex financial products are governed by a “let the buyer beware” approach. Under this approach, consumers buy policies based on...
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