Q. My 74-12 months-old widowed mom worked for least wage all her life. In 2009, she invested her everyday living savings of $120,000 at a key brokerage agency. Soon after a 40-minute revenue presentation, the financial investment consultant bought my mom a intricate variable annuity with annual expenses of 4.65 per cent. How may well I complain or protest this expenditure which I believe was unsuitable (but rewarding for the financial investment rep)?
A. You may well have waited too very long to do everything about your mother’s annuity. But to know for positive, you can contact the Texas Office of Insurance aid line at 800-252-3439 or file a complaint on the internet at tdi.texas.gov.