If you've ever sold an annuity, I'll see you in jail

By Paul Cross

Annuity National Brokerage Co.


Why is the overturn of the Glenn Neasham case so vitally important? In absence of an overturn, if you have ever sold an annuity, you could be convicted of theft and sentenced to jail in an unfair, unjust trial.

“No good deed goes unpunished.”

If you have ever sold an annuity, you may be convicted of theft and sentenced to jail in an unfair, unjust trial.

I’m writing this article to express great concerns relative to the Glenn Neasham conviction of theft and jail sentencing.

It is troublesome to me and to so many who are dedicated to our profession of helping people enjoy American dreams and to prosper financially while building and growing legacies for family generations to suddenly realize that we could, at any moment, be suddenly convicted of theft and sentenced to jail.

Suddenly, we realize that not only could we be sentenced to jail, we could also suffer a loss of everything we have worked hard for and everything we have accumulated including our home, our life savings and the families’ wealth. Our dignity can be slaughtered in an unjust court.

It is also troublesome and a shocking, rude awakening that (with some exceptions) the companies we helped to grow and prosper are turning their backs on a horrifying injustice that is spilling over onto the industry as a whole.

It is also a disgrace that the very organizations that we developed, supported, campaigned for and financed are now missing in action, in a cowardly fashion, at a time when we need to show and demonstrate our faith and commitment.

This may be the only opportunity we have to sound the alarm and bring on the fight for justice and the preservation of our spirit and fundamental beliefs in what our industry stands for.

Many people have joined in support of efforts to seek justice and maintain the well being of a financial industry dedicated to the good of the nation. We will stay the course and we will override any effort or attempt to sabotage or disenfranchise our mission.

Let us not forget the words of wisdom from Jeffrey Reeves: “Today, lawsuits target every aspect of our business and have made a criminal of a compassionate, ethical, responsible and honest agent and adviser…”

Why is the overturn of the Glenn Neasham case so vitally important? In absence of an overturn, if you have ever sold an annuity, you could be convicted of theft and sentenced to jail in an unfair, unjust trial.

“'No good deed goes unpunished" is a sardonic commentary on the frequency with which acts of kindness backfire on those who offer them. In other words, because life is inherently unfair, those who help others are doomed to suffer as a result of their being helpful.

Who said it? Socialite Clare Boothe Luce, married to Henry R. Luce, the publisher of Time, Life and Fortune. She served in the U.S. Congress from 1942 to 1946 and later as ambassador to Brazil and Italy. Clare Boothe Luce also wrote plays, was a World War II war correspondent, and wrote articles and reviews. She was noted for her quips and wit.

So true are her words in the trial case of Glenn Neasham. Life is inherently unfair. Those who help others are doomed to suffer as a result of their being helpful.

Let me leave you with these words: Together we can unite and bring the industry together and we can overturn the unjust court ruling of theft; however, Glenn Neasham’s good deed has been punished to a level we cannot repair.

Will you join the fight and stand with us to preserve our industry with integrity to the benefit of the nation beyond all efforts of sabotage? For Glenn Neasham has paid the price.