ATTORNEY NEWSLETTER A settlement involving over 200,000 senior citizens was recently approved in a California District Court lawsuit against Allianz Life Insurance Company of North America for the sale of deferred annuities to elderly victims. The class members in the class action lawsuit were recently awarded approximately $250 million in […]

ATTORNEY NEWSLETTER California insurance fraud attorneys are investigating potential claims against ING, now called Voya, related to the sale of annuities and life insurance policies. ING sold annuities and life insurance policies through its subsidiaries Security Life, ReliaStar, ING Life and Annuity, and ING USA. ING US officially became Voya […]

ATTORNEY NEWSLETTER California insurance fraud attorneys are investigating potential claims against Transamerica Life Insurance Company related to the sale of both annuities and life insurance policies. Transamerica Life Insurance Company, which is owned by Aegon N.V., refers to itself as “one of the world’s leading financial services companies, providing insurance, […]

ATTORNEY NEWSLETTER California insurance fraud attorneys are investigating potential claims against Prudential Life Insurance Company of America related to the sale of deferred annuities and life insurance policies. Deferred annuities, or fixed annuities, are types of long-term investments that often prohibit or preclude withdrawals for at least 10-20 years. Deferred […]

ATTORNEY NEWSLETTER California insurance fraud attorneys are investigating potential claims against John Hancock Financial related to the sale of both annuity and life insurance policies. Deferred annuities, or fixed annuities, are types of long-term investments that often prohibit or preclude withdrawals for at least 10-20 years. John Hancock’s website states, […]

ATTORNEY NEWSLETTER California annuity fraud attorneys are investigating potential claims against Genworth Financial related to the sale of deferred annuities, as well as life insurance policies. Deferred annuities, or fixed annuities, are types of long-term investments that often prohibit or preclude withdrawals for at least 10-20 years. Deferred or fixed […]

ATTORNEY NEWSLETTER A report released by the Financial Conduct Authority in February 2014 said that the deferred annuities market is messy and that customers are not getting the deals that they deserve. Deferred annuities are a type of investment popular with seniors and elders. Athene USA, known more as Aviva […]

ATTORNEY NEWSLETTER Seniors and elders are the main targets for insurance and annuity scams. Scammers may set up fake insurance companies or loan seniors and elders money to invest in insurance using fake applications so when the senior or elder dies, the scammer receives all the money. Read the following […]

ATTORNEY NEWSLETTER Seniors who have or are thinking about purchasing an equity-indexed annuity (EIA) should be aware of the advantages and disadvantages that come with an equity-indexed annuity. Some sellers of annuities include Massachusetts Mutual Life Insurance Company, Principal Life Insurance Company, Jackson National Life, Pacific Life Insurance Company, Aviva […]

ATTORNEY NEWSLETTER A deferred variable annuity may sound like a good idea for elders. A deferred variable annuity supposedly offers tax-deferred treatment of earnings, death benefits, and guaranteed income for life.  However, this information can be misleading.  Annuities may not be right or even beneficial for elders.  Keep in mind […]