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 […]

ATTORNEY NEWSLETTER Seniors and elders who are thinking about purchasing an annuity should first familiarize themselves with what an annuity is and the risks associated with annuities. Annuities are not right for everyone.  Read the following for more information on what are annuities, what types of annuities there are, and […]

ATTORNEY NEWSLETTER Annuities usually are not a good idea for senior citizens. The length of time in an annuity policy tends to vest after the expected lifespan of a senior citizen. Especially for senior citizens in poor health, an annuity may result in a loss of money instead of gain. […]

ATTORNEY NEWSLETTER Annuities are popular among the elderly because they are seen as a low risk, safe investment. Some are willing to forego maximum yields for security, though they understand a long term interest rate will always be lower than a short term one. There are several drawbacks however that […]

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 after a stipulation was signed. The stipulation requires more oversight and higher […]

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 practices.  This was a multi-state examination that included Florida, California, Delaware, Illinois, Iowa, New Hampshire, North Dakota, Pennsylvania, and Virginia.  […]

Deferred annuity insurance policies often target senior citizens for their sale. Companies, such as Principal Life Insurance Company, offer deferred annuities that give the individual peace of mind that they have invested a portion of their funds into a life insurance policy, to care for the people they leave behind—a […]