In 2009 my 74 year old widowed mom (with two disabled sons) took her life savings of 120,000 to donovan ehrman. My mom worked for minimum wage all her life; she never made more then 700 in a month working full time.
After a 40 minte sales pitch, my mom lost 4000 (in commision to donvan ehrman) and was placed into a variable annuity with Pacifc Life that had annual expenses of about 4.65%
My mom lost 8 months of take home pay in 40 minutes. My mom cries and says, "What did I know? I trusted him."