You want financial security and the ability to leave a nest egg for your children and grandchildren. Unfortunately, with many investment offers, the only person who makes money is the person who’s selling them.
When someone approaches you about an annuity or other investment opportunity, think about the following tips before you say yes:
- If you don’t understand what’s being sold, don’t buy it.
- Never make an immediate decision about investment offers or a change to your insurance policy. Consult with an independent professional, like a lawyer or an accountant, and read all forms completely.
- Don't provide any personal or financial information until you're certain that the investment opportunity is legitimate and not a scam.
- Before you commit, check with the Secretary of State's office which regulates the sale of securities. You may also want to check out the investment opportunity with the Better Business Bureau and our office. If you are considering an annuity, contact the Secretary of State's office and the Department of Insurance.
- If you make the purchase in your home, you have 3 business days to cancel the contract.
- Don’t be pressured into making major decisions or purchases.
- When a loved one dies, don’t be pressured into making immediate major financial decisions or purchases.
- Beware of “act now” sales pitches. If a salesperson tells you to act now or never, or uses phrases like “limited offer”, “risk free”, “tax-free offshore investments” or “special opportunity, but you must keep it secret,” don’t buy anything from them.
- Don’t fall for fancy titles like “certified senior specialist.”
- Be skeptical of investment advice and opportunities offered by people on social networking websites.
- If a sales pitch promises high returns with low risk, beware. Remember - if it sounds too good to be true, it probably is.
We Can Help
If you have a complaint about an investment, contact us for help
or call toll free within North Carolina at 1-877-5-NO-SCAM.