Phil Cannellau2019s LIE #2: Cannella claims to offer prospects a unique investment they canu2019t get anywhere else. TRUTH: Any licensed insurance agent can sell the exact same products. Phil Cannellau2019s LIE #3: Cannella promises prospects that they will earn u201cdouble-digit returnsu201d in his annuities. TRUTH: In todayu2019s low interest rate environment, NO newly purchased annuity will earn double digit returns for YEARS to come. The caps within each annuity Cannella sells will limit annual earnings to 1% to 2% until the economy FULLY recovers and interest rates rise substantially. When Cannella tells you to expect to earn double-digit returns every year in todayu2019s financial climate, he is LYING. Phil Cannellau2019s LIE #4: Cannella claims his annuities will u201coutperform the market year in and year out.u201d TRUTH: These annuities are linked to an index, usually the S&P 500 Index. There are caps in almost every annuity that limit the potential annual earnings in some way. Ask yourself this question: How can an annuity with caps designed to limit maximum potential earnings EVER outperform the index it is linked to? It canu2019t. It is a mathematical impossibility for ANY annuity to EVER outperform the market, much less outperform the market u201cyear in and year out.u201d

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