Annuities, What Seniors Need to Know

10 You have many rights when agents come to your home. An agent cannot enter your home uninvited. And they must leave immediately if you ask them to. When an agent comes to your home: • Agents must give you 24-hour written notice before they come to your home. • When they first contact you, they must tell you why. For example, they should say they want to talk about insurance. • They should tell you the name of the insurance company they represent. • They should tell you the names and titles of everyone coming to your home. • Each person should give you a business card or other written identification with their name, business address, telephone number, and any insurance license numbers. • You can ask people to leave at any time. The agent has a legal responsibility to you. The person who offers to sell you an annuity must give you honest and accurate information on the terms and rules of the annuity, as well as its costs and benefits. This is the law. Annuities—It’s Your Choice It can be hard to ask someone to leave your home. See how one senior does this. Watch a video on the Department of Insurance website. Go to the Senior Information Center at www.insurance.ca.gov. Report financial abuse. See page 14. Anyone at a meeting in your home should end all discussions and leave your home immediately if you ask them to do so.