ATTORNEY NEWSLETTER
Fixed indexed annuities (also known as deferred annuities) are long term investments/insurance that often have penalties or what are referred to in the life insurance industry as surrender charges for 15 years or more, and can have very high fees for withdrawal even if needed for necessary life expenses or emergencies. The Evans Law Firm, Inc. and its deferred annuity fraud lawyers warn seniors to get a second opinion before they purchase annuities because annuities are not right or suitable for everyone. Right now the two companies with the highest sales of fixed indexed deferred annuities are Allianz Life Insurance and Athene USA (parent company of Aviva USA). Athene Holding Ltd, the parent corporation of Athene USA, successfully acquired Aviva USA Corporation back in October, renaming Aviva USA to Athene USA. In the first quarter 2014 fixed indexed deferred annuities sale, Allianz Life Insurance ranked first in deferred annuities sales, with $2.79 billion sales of deferred annuities – a large number of these sales are undoubtedly made to senior citizens, people over the age of 60 in California. Aviva USA was once a major company in the sale of deferred annuities, alongside Allianz Life Insurance. By taking Aviva USA over, Athene USA put itself in the spotlight for sales of deferred annuities. Although in comparison to Allianz Life Insurance, Athene USA only came in at rank 5, with $578.1 million sales of annuities, deferred annuity professionals expect to see continual increase in deferred annuity sales throughout 2014. The same expectation goes for Allianz Life Insurance and other companies in the deferred annuities sales market.
Evans Law Firm, Inc. and its attorneys represent victims of annuity fraud, elder financial abuse, life insurance and consumer fraud, insurance and banking fraud, and other types of financial fraud. If you think you or someone you know has been the victim of fraud or abuse, contact Evans Law Firm for a free and confidential consultation by calling 415-441-8669 or by e-mail at info@evanslaw.com –if you are in California, please send us a copy of your annuity policy if you would like one of our lawyers to review it for free.
