I have told the collectors that, but they still send bills for $1,200 for three years of magazines. The AG’s office may be able to help or there may be a separate collection agency board you need to contact. Coupling that phrase about fees with the admonition “you'd need to shop carefully and understand how the surrender charges work” is also a disservice to the public. Of course, an investor has to understand surrender charges! Surrender charges are typically around 7% to 9% and may persist for seven or more years, although the penalty declines over time.

Source: Los Angeles Times March 26, 2017 10:02 UTC