Deferred annuities can seem like the best option available to retired senior citizens, or people who are about to retire, elder financial fraud attorneys in California note. But these consumers should be wary of these life insurance policies, as some companies offer terms that are not beneficial for anyone over […]

ATTORNEY NEWSLETTER In a 2007 lawsuit filed by an attorney general, Midland National Life Insurance Company was accused of selling deferred annuities to senior citizens.  It is alleged that Midland National Life Insurance Company sold deferred annuities to senior citizens 62 years and older, with terms that kept their money […]

ATTORNEY NEWSLETTER A class action lawsuit was filed against Massachusetts Mutual Life Insurance Company in 2004 alleging that the company engaged in deceptive sales practices with respect to the sale of deferred annuities.  Massachusetts Mutual Life Insurance Company denied all claims in the complaint.  Massachusetts Mutual Life Insurance Company contended […]

ATTORNEY NEWSLETTER Pacific Life Insurance Company was the target of a class action lawsuit related to sales of deferred annuities.  The 2005 lawsuit alleged that Pacific Life Insurance Company and its salespeople committed securities fraud because they failed to disclose that tax deferral advantages of its annuities products might be […]

Planning for your own death is never easy. And with all the life insurance options available, choosing the right plan for you and your loved ones can be tricky. Insurance companies offer options to invest in inheritance for their children; savings plan for their funeral costs and other expenses, such […]

ATTORNEY NEWSLETTER In the past two years there have been two whistleblower awards made by federal securities regulators.  Officials say that more awards are on the way and that whistleblowers should be patient when waiting.  California whistleblower attorneys remind the public that whistleblowers are an important component in the fight […]

By The Evans Law Firm of The Evans Law Firm posted in deferred annuity on Thursday, March 21, 2013. -Attorney Newsletter- Many California seniors may have purchased deferred annuity products from Jackson National Life Insurance Deferred Annuity (“Jackson National”). There is a pending lawsuit in federal courts against Jackson National, […]

By The Evans Law Firm of The Evans Law Firm posted in annuities fraud on Thursday, February 28, 2013. -Attorney Newsletter-   Allianz Life Insurance Company of North America failed in its third attempt to win summary judgment on Racketeer Influenced and Corrupt Organization Act (RICO) claims alleged in two […]

By The Evans Law Firm of The Evans Law Firm posted in annuities on Wednesday, February 27, 2013. -Attorney Newsletter- American Equity Investment Life Holding Company is among several companies that sold deferred annuities to California senior citizens. Lawsuits allege that deferred annuities may not be the best investment for […]

By The Evans Law Firm of The Evans Law Firm posted in annuities fraud on Tuesday, October 23, 2012. ATTORNEY NEWSLETTER The insurance company American International Group, bailed out for $182.3 billion in 2008, will pay between $25 and $30 million to California life insurance annuity policy beneficiaries and $11 […]