BBB warns senior citizens of potential annuity scam
The Better Business Bureau is warning senior
citizens to be aware of a possible scam circulating Hawaii.
According to a BBB news release, an
organization called the Annuity Service Center/ Investors
Union LLC is creating confusion and stress for local senior
citizens in Hawai'i with a post card stating, "This notice is
to inform you that you may have an annuity that has reached
the end of its surrender period."
The hope is that the recipient will
return the postcard with the requested information filled out
or call the company direct and provide personal financial
The postcard campaign appears to be a
lead generating tool for the company.
The Better Business Bureau of Akron Ohio
area, where the company is headquartered, has an
unsatisfactory report with the Bureau due to a pattern of
complaints, questionable solicitation practices, and failure
to correct the underlying reason for the complaints.
The report also includes several government actions in Ohio,
Utah, Kansas, Missouri, Delaware, and Illinois.