Skip to Content
415-441-8669 | TOLL FREE: 888-50EVANS

PHONE: 415-441-8669 | TOLL FREE: 888-50EVANS

Nov 27, 2017 by |

Alameda County and California Financial Elder Abuse and Annuity Attorneys: Hybrid Annuities


Complaints Over Hybrid Annuities

What Are Hybrid Annuities?

Hybrid annuities, often called buffer variable annuities or structured variable annuities, are complicated combinations of fixed and variable deferred annuities. Equity-indexed or Fixed-indexed annuities are also hybrid annuities.  Agents and issuers sell hybrids as “buffers” against market downturns with higher caps on the possible upside.  Policyholder complaints over hybrid products are growing, according to Financial Industry Regulatory Authority (FINRA) reports.  Ingrid Evans and the annuity attorneys at Evans Law Firm Inc. represent clients who have suffered losses on commission-driven unsuitable annuities as a result of surrender charges, commissions and other fees, and tax losses.  If you or a loved one has been a victim of securities fraud or financial elder abuse, contact Ingrid Evans or any of the annuity or financial elder abuse lawyers at the Evans Law Firm at (415) 441-8669, and we can help.  We handle securities and annuities fraud and financial elder abuse cases in California.

Increased complaints raise the question of suitability of these hybrid products according to industry followers. Like other deferred annuities, they are illiquid, tying up policyholder money for years.  Withdrawals are subject to surrender penalties.  The products generate substantial commissions which entice advisors and agents to sell them. About 80 percent of hybrid variable annuities are sold through independent broker-dealers and banks. Carriers like them because they require less capital to support than traditional variable annuities. Hybrid annuities account for about 7 percent of the annuity market.  Sales of all variable annuities totaled $49.1 billion for the first half of 2017.  The leading issuers of deferred annuities in California are listed below.

Contact Us

If you or a loved one has suffered a loss under a variable annuity in the form of surrender penalties or commissions and other fees, contact Ingrid Evans or any of the Evans Law Firm annuity attorneys at (415) 441-8669 for a free review of your policy including surrender terms, or by email at <a href=””></a>. Our attorneys have experience with complex securities cases, FINRA arbitrations, and mediations; and complicated financial contracts and large insurance companies.  We can help guide your case through a jury trial, FINRA arbitration, or toward an equitable settlement.  We also handle cases involving physical and financial elder abuse, other types of qui tam and whistleblower cases, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

Some of the leading issuers of annuities in California include:

Allianz Life Insurance Company of North America

American General Life Insurance Company

American Equity Investment Life Holding Company

AXA Equitable Life Insurance

Bankers Life Insurance and Casualty company

EquiTrust Life Insurance Company

Fidelity & Guaranty Life Insurance Company

Forethought Life Insurance Company

Genworth Life Insurance Company

ING USA Annuity and Life Insurance Company

Jackson National Life Insurance Company

John Hancock Life Insurance Company

Lincoln Financial Group/Lincoln National Life Insurance Company

MassMutual/Massachusetts Mutual Life Insurance Company

Metlife/Metropolitan Life Insurance Company

Pacific Life Insurance Company

Prudential Life Insurance Company

Security Benefit/Security Benefit Life Insurance Company

Transamerica Life Insurance Company

Law Dragons 500 badge Million Dollar Advocates Forum SuperLawyers Badge Best Lawyers Badge Avvo

Our Passion For Justice

415-441-8669 888-50EVANS

Hear What Our Clients Have To Say

"I highly recommend Ingrid Evans! She is whip-smart and aggressive, but still client-centered and compassionate."
Posted By: Jackie Ravenscroft

Read More Reviews