I had an unsatisfying experience with WebAnnuities. Due to a sales associate giving me incorrect information (in writing as well as verbally) , I initially purchased a policy that was completely inappropriate for the intent of my late father. A specimen policy would have revealed the annuity's deficiencies, but I did not know to request one in advance.
After paying for the policy, I discovered the deficiencies myself. I was able to get the issuing insurance company to return the funds, but my father's estate incurred $2600 in attorney's fees as a result.
After Hersh Stern (President and Licensed Agent) got involved, I was directed to policies that met the estate's requirements. To Hersh's credit, he agreed to pay the attorney's fees, and I ended up purchasing two appropriate policies.
The moral here? If you have specific needs of the annuity, ALWAYS REQUEST AND READ THROUGH A SPECIMEN POLICY before sending any funds. Do not rely on information you receive from WebAnnuities' lower-level employees.
Hersh seems to be very knowledgeable himself, but he has not trained his employees well and their lack of knowledge was very costly to me in terms of time wasted researching and purchasing a policy that, in the end, was completely inappropriate for the objectives of my father's estate.