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North American Company for Life and Health Insurance - Sales to Seniors

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If you have purchased a deferred annuity from North American Company for Life and Health Insurance (North American), live in California and are over the age of 60 years old, you may want to talk to a lawyer to participate in a possible law suit.

North American Deferred Annuity Sales to Senior Citizens (over 60) in California

A previous lawsuit was brought (by other firms) against North American Company for Life and Health Insurance (North American), a part of the Sammons Annuity Group division. The complaints alleged that North American imposed surrender charges and other penalties on senior consumers and failed to disclose certain important information in the course of marketing and selling their deferred annuity products.

According to the allegations in the lawsuit against North American and Midland, the defendants failed to disclose to purchasers material to senior consumers, including, but not limited to, the products’ high surrender charges; and that the interest credited over the term of these annuities is improperly lowered to recoup high commissions paid to their sales agents and any promised premium bonus.  Certain North American deferred annuity products included:

• North American Bonus 10
• Market Choice Bonus
• North American Heritage Bonus
• North American Heritage Max
• Market Choice III

If you or a family member was sold a deferred annuity from North American Company for Life and Health Insurance (North American), live in California and are over the age of 60 years old, please contact the Evans Law Firm.

For Additional Information On Our Deferred Annuity Sales to Seniors Cases e-mail info@evanslaw.com or call (415) 441-8669

DEFERRED ANNUITY SALES TO SENIORS – NORTH AMERICAN COMPANY FOR LIFE AND HEALTH INSURANCE (NORTH AMERICAN)