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Allianz Life Insurance Company of North America, Deferred Annuity Potential Sales to Senior Citizens

Lawsuits were originally brought against Allianz Life Insurance Company of North America and other companies for the sale of deferred annuities to seniors.  The complaints alleged that Allianz Life Insurance Company of North America defrauded senior consumers (over the age of 60 years old or older) in the course of marketing and selling their deferred annuity products.

According to the allegations in the lawsuits against Allianz Life Insurance Company of North America and previously in a resolved case by other law firms against American Investors’ Life Insurance Company/AMERUS and/or AVIVA USA, the defendants failed to disclose to purchasers material to senior consumers, including, but not limited to, the products’ high surrender charges; and that the interest credited over the term of these annuities is improperly lowered to recoup high commissions paid to their sales agents and any promised premium bonus.  Certain Allianz deferred annuity products included (but are not limited to):

  • Master Dex 10
  • Master Dex 5
  • Flex Dex
  • Bonus Dex
  • Flexdex MC
  • Power Dex
  • Power 7 Annuity
  • Bonus Maxx
  • Power Rate

If you or a family member were sold a deferred annuity from Allianz Life Insurance Company of North America and American Investors’ Life Insurance Company/AMERUS and/or AVIVA USA, please contact, Evans Law Firm, Inc..

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