An agent represents and is legally authorized to act on behalf of another party in transactions. The related party in a transaction is referred to as the principal. For example, an insurance agent has limited legal authority to represent and act of behalf of a principal which is the insurance company. Contracts that the agent enters into are legally binding on the principal and the agent is legally obligated to act in the best interests of the principal. An insurance agent who sells a life insurance product is acting as the legal representative of the insurance company whose products he or she is selling during the transaction, even if the agent may also represent the products of other insurance companies.

Annuity Criticisms Often Boil-Down to Control of Assets


Five Questions for Don McNay

Don MaNay is a financial columnist, a Huffington Post contributor and an expert in the field of structured settlements. 

Don’s financial guidance is refreshingly straightforward, filled with good common sense, and geared towards a Main Street audience.  His most recent book is titled Wealth Without Wall Street: A Main Street Guide to Making Money. 

We had an opportunity to speak to Don about his financial practice and his most recent book.  


Bob MacDonald on the Unprecedented Opportunity in the Annuity Industry

Bob MacDonald has had a storied career as a leading entrepreneur and executive in the financial services industry.

Some of Bob’s roles include: president and CEO of ITT Life; founder, chairman and CEO of the highly successful LifeUSA, and; CEO of...

Are there single premium immediate annuities offered direct from A++ rated companies?

Good question.