Complaint Review: First Senior Financial Group

As a former employee of First Senior Financial Group and Phil Cannella, I know better than anybody how to tell if he's lying.  Like somebody already said, you know Cannella is lying anytime his lips are moving.  This will be the first of many posts exposing his lies.  Stay tuned for more. 

Phil Cannella’s LIE #1:  If you ask Cannella directly what he sells, he’ll say, “Little known, tax-deferred vehicles issued by investment insurance companies (or he may say statutory insurance companies), with the potential for double-digit returns, that out-perform the market year in and year out, with no market risk.”  Cannella never tells potential clients that he’s locking up their money in annuities.  Cannella may recite a slight variation of this bogus statement.  Cannella claims he doesn’t sell, in his words, “insurances” at all. 

TRUTH:  It’s all lies.  All Cannella sells are garden variety indexed annuities available from any of the 500,000 licensed insurance agents in America today.  There is NOTHING special about the annuities Cannella sells.  The Pennsylvania Insurance Code says an agent is required to answer each and every question asked by a potential client honestly and directly with no deception.  Cannella does not want any potential client to learn he intends to sell them annuities so he deliberately tries to deceive them.