Category: Annuities Fraud

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 […]

ATTORNEY NEWSLETTER What Makes Annuities Sell? Annuities have become a very prominent part of the financial landscape, with large numbers of senior citizens buying them in order to secure their financial future. Looking at the details of the product, however, it’s not clear that any of the many types of […]

ATTORNEY NEWSLETTER Variable Annuities Examined in Priority by SEC for 2016, Advantage and Disadvantage The SEC (Securities and Exchange Commission) disclosed its examination priorities list for 2016. The SEC is focused on retirement investments, and especially variable annuities as a retirement product warranting attention. The insurance companies are interested in […]

ATTORNEY NEWSLETTER The Potentially Pitfalls of the Annuity There’s a lot of contention surrounding the annuity, an increasingly common financial product as the population ages. Opinions range from embracing the product to utterly disavowing it. There’s one thing that both sides of the argument can agree on: the wrong annuity […]

ATTORNEY NEWSLETTER Changing Annuities Rules May Even the Playing Field We’ve spoken a lot about the convoluted rules governing the financial products that are grouped under the name “annuities.” This moniker can cover a staggeringly wide variety of related products and categories, including deferred variable, indexed, and numerous other obscure […]

ATTORNEY NEWSLETTER The Ins and Outs of the Annuity Who’s paying for your annuity? If you own an annuity or are thinking or purchasing one, you probably know what’s supposed to happen with your money. You pay a lump sum up front, and the company you purchased it from guarantees […]

How can seniors prevent financial abuse? Seniors are sometimes the targets of choice for dishonest people. The perpetrators of elder abuse in California may be relatives of the family, children, grandchildren and friends. Professionals like caregivers, insurance brokers or financial advisers also may try to take advantage of the weaknesses […]

Whole Life Insurance So You Want to Know About Life Insurance It’s likely that at some point, you’ve either purchased or considered purchasing life insurance. Family, friends, and most financial advisors will advise you to consider it, particularly as you approach retirement. Some companies buy it for their employees, or […]