Updated Wednesday, June 21st, 2023

Seniors have two major fears: the fear of outliving their savings and the fear of going into a nursing home. Because of these fears, seniors have become easy targets for professional financial predators. The predators are savvy salespersons who use TV and radio advertisements, direct mail, and telephone solicitations to lure seniors into attending “free seminars”. Although enticing, seniors should avoid being tempted and stay as far away as possible from these “free seminar” and unscrupulous agents.

This site deals with unsuitable annuities, reverse mortgages and other financial schemes.

ANNUITIES

Learn about Annuity Basics; determine whether an Annuity is suitable – Annuities: Questions for Senior Consumers; and discover other resources and where to report such financial abuse – Resource Guide to Annuities. Also listen and learn What You Should Know Before Buying an Annuity by tuning into CANHR’s video library.

REVERSE MORTGAGES

Determine whether a Reverse Mortgage is suitable – Reverse Mortgage Suitability: Points to Consider; and discover other resources and where to report such financial abuse – Resource Guide to Reverse Mortgages.

OTHER FINANCIAL SCHEMES

Learn about Long Term Care Medi-Cal Benefit Qualification Hustles, Trust Mills, and Veterans Affairs Aid and Attendance Benefits Scams.