Farm Bureau Financial Services

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Equitrust Life Insurance Company
This company did nothing for me. The first time I talked to Agent John Anthony Sellas , I told him specifically I wanted a “SELF DIRECTED IRA,” simply because I wanted to invest in real estate. He told me he would get in contact with me in a few days. What I found odd is that when we finely met, Mr, Sellas originally wanted to meet at my house, I did not feel comfortable about him meeting me at my house in New Jersey. He had no office because he stated that he usually did business in Florida. Instead of an office, we met at a restaurant. John Sellas told me he found the perfect match for what I wanted and asked me to sign the paperwork. Mr. Sellas deceived me though; he did not put my money into a self-directed IRA like the one I wanted. Mr. Sellas put my money into a fixed deferred annuity, fixed for 14 years. He never explained this to me nor did he do what I asked him to do. I was unaware of this and when I went to get my money, they then told me I was locked into fixed deferred annuity for 14 years and that I could only take out 4 thousand a year for the next 14 years. I explained to the company who I talked to that I am 56 years old and that I never asked for this. They simply said I would be charged a surrender fee of 20%, which means they would take anywhere between 5,000 to 10,000 dollars if I wanted to roll it over to what I initially wanted, which is a SELF DIRECTED IRA. This company did not have my best interest at hand and I am going to complain until I am blue in the face. DO NOT TRUST THIS COMPANY OR Agent John Sellas 813-282-3486. DO NOT TRUST THIS INDIVIDUAL! I have filed a complaint with FINRA, "financial Industry Regulatory Authority". I am a woman from Trinidad, here on a Visa and all John Anthony Sellas kept telling me is that, "He would take care of me." He never took care of me, he was out for his own gain only. I am 56 years old, why would I want to keep my money in an annuity for 14 years, and wait till im 69 years old?