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In February 2012, Lake County, Calif. life agent Glenn Neasham was sentenced to 90 days in prison for selling an indexed annuity to a woman in her 80s, whom the prosecutor claimed was unable to understand the product because she had early-stage dementia at the time of the sale in 2008. Neasham’s license was revoked and, unable to support his wife and their four children, he lost the family home.

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