Midland Deferred Annuity Sales
A lawsuit was brought and previously settled against Midland National Life Insurance Company (Midland), as part of the Sammons Annuity Group division. The complaint alleged that Midland imposed surrender charges and other penalties on senior consumers and failed to disclose certain important information in the course of marketing and selling their deferred annuity products.
According to the allegations in the lawsuit against Midland, the defendant 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 Midland deferred annuity products included in the previous class included:
If you or a family member was sold a deferred annuity from Midland Life Insurance Company (Midland), and would like one of our lawyers to looks at it for a free and confidential review, please contact the Evans Law Firm.
For Additional Information On Our Deferred Annuity Sales Fraud Cases
E-mail firstname.lastname@example.org, or call toll free (888)503-8267 or locally at (415) 441-8669
DEFERRED ANNUITY SALES TO SENIORS – MIDLAND LIFE INSURANCE COMPANY (MIDLAND) – SUBSIDIARY OF SAMMONS FINANCIAL GROUP