ATTORNEY NEWSLETTER It is recommended that consumers carefully review any policy and consider their options before purchasing any annuity policy. Annuities are complex products that often have hidden fees and costs, and may not be suitable for all investors, particularly senior citizens. Annuities often have surrender charges, making it difficult […]

ATTORNEY NEWSLETTER Thanks to new legislation recently signed by Governor Jerry Brown, insurance carriers in California will no longer be allowed to levy surrender charges against a policy’s death benefit. California elder abuse attorneys say that the law, which takes effect on January 1, 2016, will protect more senior citizens. […]

ATTORNEY NEWSLETTER A recent annuity fraud case in California illustrates the danger that annuities can pose to people’s finances, especially when it comes senior citizens. An insurance agent in Palm Desert was recently sentenced to more than nine years in prison and ordered to pay $3.4 million in restitution for […]

ATTORNEY NEWSLETTER LIMRA Secure Retirement Institute has released its individual annuity company ranking list for 2014, The ranking list reveals some trends, including strong competition among carriers in the fixed annuity sector. According to the data from LIMRA Secure Retirement Institute, Jackson National was the overall winner for combined selling […]

ATTORNEY NEWSLETTER Insurance companies and their agents may use various schemes to market and sell deferred annuities. California annuity fraud attorneys want to make consumers, and particularly senior citizens, aware of these schemes. To read more about the risks of deferred annuities and how to prevent them, read our previous […]

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 Lincoln Benefit Life Company related to the sale of both annuity and life insurance policies. Lincoln Benefit Life Company’s website states that the company was acquired by Resolution Life, a specialty U.S. life insurance company with institutional investors, in […]

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 California annuity fraud attorneys are investigating potential claims against Aviva Life Insurance Company: Aviva USA/Athene USA, Aviva Life and Annuity Company related to the sale of deferred annuities. Deferred annuities, or fixed annuities, are types of long-term investments that often prohibit or preclude withdrawals for at least 10-20 […]

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 […]