Four employees of a now defunct non-profit company are facing time in prison after they allegedly enticed elderly people into trading in valuable insurance annuities for what prosecutors say are worthless “charitable gift” annuities.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.