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Mar 12, 2015 by |

California Insurance and Annuity Fraud Attorneys Investigating Transamerica Life Insurance Company

ATTORNEY NEWSLETTER

California insurance fraud attorneys are investigating potential claims against Transamerica Life Insurance Company related to the sale of both annuities and life insurance policies.

Transamerica Life Insurance Company, which is owned by Aegon N.V., refers to itself as “one of the world’s leading financial services companies, providing insurance, investments and more to 19.5 million customers.” Transamerica’s website lists term life, whole life, variable universal life, and accidental death as types of insurance policies the company offers.

The website of Transamerica Life Insurance Company defines a variable annuity in the following manner: “A variable annuity is a long‐term investment product that can play a crucial role in your overall financial strategy by providing a steady stream of income during retirement. It is a contract between you and an insurance company in which you agree to make a lump‐sum payment, or a series of payments. In return, it provides you with guaranteed lifetime payout options, death benefit options and tax-deferred treatment of earnings.”

The Evans Law Firm has offices in San Francisco, Los Angeles, and Sonoma, and handles both insurance and annuity fraud cases. If you are a Transamerica Life Insurance Company annuity or life policy holder and would like a free and confidential initial consultation, please contact Evans Law Firm, Inc. at 415-441-8669 or via email at info@evanslaw.com.

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