Phillip Cannella News: Phil Cannella Says Only 5% of Annuities are Good for Consumers

Phil Cannella – Phillip Cannella News: Phil Cannella, like others, has some harsh words to say about many annuities. We hear in the press all the time how one person or another has been taken advantage of by a bad financial advisor in convincing the person to buy an annuity. Phil Cannella says much the same, many annuities out on the market are truly horrific and should never be sold to a consumer.

As Phil Cannella puts it: “There’s a heap of bad press surrounding annuities.  They’re too expensive, too limiting, too this, too that.  After decades of research, I’ve discovered that only 5% of annuities are of any financial benefit to consumers while the remaining 95% work to the advantage of the agents selling them.  It’s easy to see why some older Americans broach annuities with skepticism.”

And that’s the thing, many Advisors sell a financial product to a consumer in order to make a commission rather than look out for the clients benefit first. This is extremely wrong-headed for a financial professional as Phil Cannella explains. And this is what marks his system as very different from many other advisors, Phil Cannella takes the time to understand the client’s needs and goals and then makes recommendations to help them accordingly.


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  • Phil Cannella

    Phil Cannella – Champion of Consumer Advocacy
    With the uncertainty and volatility of the market, Phil Cannella, with First Senior Financial Group, prides himself on ensuring a safe retirement future for senior consumers. With an unparalleled devotion to educating seniors, Phil Cannella works endlessly to know and understand the ever changing tax laws and economic changes that can adversely affect one’s nest egg. Thousands of senior citizens have gone through First Senior Financial Group’s education process and learned how to have up to an 85% tax free retirement income.
    As if that isn’t reason enough to respect Phil Cannella, the truly amazing thing about how he runs First Senior Financial Group is that he never takes a dime from the seniors who come to him to be educated. Everything he teaches and everything he offers comes free of charge. That is the true mark of a consumer advocate, someone who cares enough to help you without asking for anything in return.

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