NEVADA LAUNCHES CAMPAIGN AGAINST FRAUDULENT ANNUITIES INSURANCE

The Nevada Division of Insurance has launched a campaign to address fraudulent annuities insurance programs.

According to the Division, there has been a recent increase in fraudulent annuity investment claims in Nevada and nationwide. To help educate consumers, its advertising campaign, titled “Bad Animals” simulates conversations between annuity “sales people” who are really “animals” underneath the surface. The kitschy yet serious message should encourage consumers to understand their annuities and clearly know its benefits and risks, as well as who they are purchasing from, the Division said.

The campaign also informs consumers that to research their investment/annuities company, they can log on to www.nvinsurancealert.com, or call 888-467-4195 to verify whether their provider is an authorized and legitimate supplier of annuity products.