Paul Agrees: ”The Annuity Industry Is Prone to Scams.” Here’s How It Happens.

Paul finds an article claiming that investors are avoiding annuities at their own peril. The reality is that annuities had record sales in 2022 and are extremely misunderstood financial products. After some deeper digging, Paul has to talk about how the insurance industry has crept into our financial education system—placing insurance salespersons on the boards of accredited universities—and has been grooming students to assume annuity products are the best options for investment who are afraid of running out of money. Later in the episode, Paul addresses a listener who is worried about the Quantum Financial System and the safety of money in banks. 

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