Category: Annuities Fraud

ATTORNEY NEWSLETTER Understanding and Preventing Elder Abuse It’s becoming increasingly apparent that financial elder abuse is a serious concern not only to seniors and their families, but to society at large. A new study by Metlife suggests that financial abuse costs elders almost $3 Billion every year. This money is […]

ATTORNEY NEWSLETTER New FINRA Rules Aim to Curb Financial Elder Abuse FINRA fines for the financial industry tripled in 2015, to over $18 million. Many attribute the increased fines to a new focus on Suitability requirements, which are designed to make brokers and financial planners take into account how the […]

ATTORNEY NEWSLETTER How Can We Protect Seniors From Financial Abuse? Elder abuse is seen by con artist as an easy crime to get away with, especially when the victims suffer from cognitive decline or memory loss. Moreover, the scammer may come from anywhere: a total stranger who pretends to give […]

ATTORNEY NEWSLETTER Allianz Life Insurance reports record profits in 2015 The Background The years since the Great Recession have been hard for a lot of people. Stagnant wages, lost jobs, and loss of benefits and insurance. People have had to cut unnecessary expenses out of their budgets and focus on […]

ATTORNEY NEWSLETTER Legal Issues Surrounding an Aging Population Many of the major shifts in American society in the last half century can be attributed, directly or indirectly, to the baby boomer generation. It’s been known for years that as that generation ages, it will lead to major changes in employment, […]

ATTORNEY NEWSLETTER How to Prepare for Changing Rates Planning Ahead Many people see life insurance as a solid way of planning for the future. If you purchase a whole life insurance policy while you’re young, and start making payment early, you can keep your monthly payment down while accruing cash […]

ATTORNEY NEWSLETTER Indexed Annuities The History of the indexed annuity To understand the growing popularity of the indexed annuity, it is essential to understand how the product developed, what it was intended to do, and what it is being used for today. Indexed annuities are annuities whose return rate is […]

Lincoln Benefit Life Co. was sold by Allstate Financial to Resolution Life Holdings for $600 million in 2013. Lincoln Benefit Life Co. sold both standard life insurance policies, as well as deferred annuity policies. With the sale, Allstate joined a string of companies selling off their annuity businesses.

Genworth Financial started in 1871 as The Life Insurance Company of Virginia. Today, it is a Fortune 500 insurance company selling life insurance policies, annuities, long-term care insurance, and mortgage insurance.  Many seniors nationwide are policyholders with annuities, life insurance, and long-term care coverage through Genworth, as the company is […]

Allianz Life Insurance Company is based in Minneapolis but sells life insurance and annuities throughout the United States.  Fixed annuities, indexed annuities, variable annuities and deferred annuities are among the annuities sold by Allianz.  Allianz also offers variable and whole life insurance policies, which provide not only a death benefit […]