NAIC Warns Against ‘Free Meal’ Seminars
The National Association of Insurance Commissioners (NAIC) has issued an alert warning consumers to do their homework before attending a free financial seminar or meeting with insurance or financial experts – especially if free meals are offered.
“The offer of free meals, door prizes, and/or free advice may lead you to attend a seminar when you wouldn’t otherwise,” the alert states. “Some invitations make you feel it's urgent to register due to ‘limited space.’ A nice restaurant, an expensive meal, and a well-dressed presenter may be impressive, but it doesn’t mean that what they’re selling is right for you.”
“Decide before you go that you won’t give out any personal information, sign any documents, or make any decisions while you’re there, the NAIC says in the new alert. “Leave your checkbook at home and consider getting a second opinion.”