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Katherine C. Pearson, Editor, and a Member of the Law Professor Blogs Network on LexBlog.com

Dateline show to expose annuity scams aimed at seniors

Here’s the promo for the show, which airs Sunday evening Sunday, April 13 (7:00 PM/ET)

“With an estimated 15 trillion dollars undertheir control American seniors have become more of a sales target thanever for insurance agents seeking to sell them annuities. On Sunday,April 13 (7:00 PM/ET), “Dateline” goes undercover in “Tricks of theTrade” — a hidden camera investigation revealing what some insuranceagents say, and what they don’t say, when they think they are alonewith a senior. In his signature style, Chris Hansen then confrontsagents about their questionable sales pitches.

NBCNews footage shows the widespread practice of agents cloakingthemselves in fancy titles and insurance agents attending a seminar tolearn these sales tactics. Minnesota Attorney General Lori Swanson, whoreviewed “Dateline’s” footage, and who has filed several suits allegingfraud in the sale of annuities to seniors, tells Hansen: “…what istragic about it is when those agents go into the seniors’ homes, it isliterally the wolf among the lambs.”      

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