The securities lawyers of Gana Weinstein LLP are investigating potential recovery options concerning unsuitable investment strategies involving Lifetime Economic Acceleration Process (LEAP). This investment strategy claims it can help investors build and protect wealth but in practice appears to be nothing more than falsely peddling high cost whole life insurance as an investment.
LEAP typically places the investor into an annuity to fund the purchase of a large whole life insurance policies. The financial advisor makes huge commissions on all of these purchases while the investor is stuck in several illiquid annuities and insurance products that cannot be easily liquidated and provides no traditional investment growth.
Nonetheless, the internet is full of websites touting LEAP as a strategy for building and protecting wealth. Brokers pitching these investments lure in investors to:
- Learn strategies to increase wealth at no additional out of pocket expense.
- Effective and efficient approach to money decisions.
- Improve financial and estate planning.
- You may be missing potential for additional wealth and protection of assets.