SUITABILITY OF ANNUITY AND LIFE INSURANCE TRANSACTIONS FOR SENIORS

Prepared by Michael Lustig

Contributing Editor: Denise Iona

Distributed by:

Real Estate License Services

5059 Newport Ave. #209

San Diego, CA 92107

Phone Toll-Free 1-800-877-5445

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© Copyright 2010 - 2006 by Michael Lustig, Real Estate License Services. Copyright registered. All contents protected by laws of copyright. No portion of this book may be reprinted, reproduced, transmitted, stored in a retrieval system or on the Internet, or otherwise utilized in any form or by any means, electronic, mechanical, or otherwise, including photocopying or recording, now existing or hereinafter invented, nor may any part of this book be used for teaching without the prior written consent of Michael Lustig.

Contents

CHAPTER ONE: NEW FLORIDA LEGISLATION PROTECTING SENIORS

INTRODUCTION

SENIORS AT RISK

THE JOHN AND PATRICIA SEIBEL ACT

DEFINITIONS - SUITABILITY - COMPARISON OF BENEFITS - FREE LOOK PERIOD- ETHICAL CONDUCT - USE OF DESIGNATIONS - FALSE SIGNATURES - PENALTIES - COMPLAINTS - CONTINUING EDUCATION REQUIREMENT