ATTORNEY NEWSLETTER Fixed indexed annuities (also known as deferred annuities) are long term investments/insurance that often have penalties or what are referred to in the life insurance industry as surrender charges for 15...
Category: Annuities
Athene Completes Acquisition of Aviva
June 17, 2014
ATTORNEY NEWSLETTER Athene Holding Ltd. Has completed its acquisition of Aviva USA Corp. The new entity is now called Athene USA and is headquartered in West Des Moines, Iowa. Regulators in Iowa and New York approved the deal...
Genworth Agrees to Multi-Million Dollar Settlement Regarding Life Insurance and Annuities
January 23, 2014
ATTORNEY NEWSLETTER Genworth Life Insurance Company, Genworth Life and Annuity Insurance Company, and Genworth Life Insurance Company of New York agree to a multi-state settlement regarding life insurance and annuity...
Midland National Life Insurance Company Was Accused of Selling Deferred Annuities to Senior Citizens
September 23, 2013
ATTORNEY NEWSLETTER In a 2007 lawsuit filed by an attorney general, Midland National Life Insurance Company was accused of selling deferred annuities to senior citizens. It is alleged that Midland National Life Insurance...
Massachusetts Mutual Life Insurance Company Deferred Annuities-Update on Prior Lawsuits
September 20, 2013
ATTORNEY NEWSLETTER A class action lawsuit was filed against Massachusetts Mutual Life Insurance Company in 2004 alleging that the company engaged in deceptive sales practices with respect to the sale of deferred annuities. ...