Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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 Neasham’s license was revoked and, unable to support his wife and their four children, he lost the family home.


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.