ATTORNEY NEWSLETTER New FINRA Rules Aim to Curb Financial Elder Abuse FINRA fines for the financial industry tripled in 2015, to over $18 million. Many attribute the increased fines to a new focus on Suitability requirements, which are designed to make brokers and financial planners take into account how the […]

ATTORNEY NEWSLETTER How Can We Protect Seniors From Financial Abuse? Elder abuse is seen by con artist as an easy crime to get away with, especially when the victims suffer from cognitive decline or memory loss. Moreover, the scammer may come from anywhere: a total stranger who pretends to give […]

ATTORNEY NEWSLETTER Unclaimed Property in Life Insurance Policy Usually, insurers do not have to research whether the insured passed away and give the payment to the beneficiary. But in the case of annuities, insurance companies routinely check the social security death database, and when one of their annuitants has died, […]

ATTORNEY NEWSLETTER Johnson & Johnson settles baby powder cancer lawsuit for $72 million In a major consumer rights case, where a woman with ovarian cancer alleged that her condition was due to the use of Johnson & Johnson talcum based products, including baby powder and Shower to Shower, the defendants […]

ATTORNEY NEWSLETTER New FINRA Rules aim to protect victims of Financial Elder Abuse FINRA, the Financial Industry Regulatory Authority, is planning to roll out a new set of rules aimed at curbing the financial abuse of elders, which has become an increasing problem in the last few decades. Theft, scams, […]

Pacific Life Insurance is headquartered in Newport Beach, California and was founded in 1868. Pacific Life has selling agreements with more than 850 financial planning firms, banks, securities broker-dealers, and other financial institutions throughout the United States. It offers annuities and life insurance policies, and is the number one seller […]

Accordia Life is a subsidiary of Global Atlanta Financial Group Limited, which is a financial services group company with 9 offices and more than $40 billion in assets. Accordia Life offers annuities and life insurance policies, including several different indexed universal life insurance options. Accordia’s website describes indexed universal life […]

Aviva is headquartered in Britain and offers insurance policies to 34 million customers spread throughout 15 different countries. Aviva USA’s life insurance line had approximately $10 million in statutory admitted assets at the end of 2012, when a company called Athene made the decision to purchase Aviva USA from Aviva […]

Athene USA is a subsidiary of Athene Holding, Ltd.  It is licensed to sell products in all 50 states throughout the U.S. There are approximately 25,000 independent agents who sell annuities and insurance products offered by Athene Holdings. More than 769,000 policies have been issued by this major insurance provider, […]

ATTORNEY NEWSLETTER Allianz Life Insurance reports record profits in 2015 The Background The years since the Great Recession have been hard for a lot of people. Stagnant wages, lost jobs, and loss of benefits and insurance. People have had to cut unnecessary expenses out of their budgets and focus on […]