At least five major insurance companies have sent letters to policyholders in the past few months informing their policyholders that they should expect increases in premiums for their life insurance policies. Many of the people who received these letters were senior citizens who are age 70 or older. People in […]

ATTORNEY NEWSLETTER Variable Annuities Examined in Priority by SEC for 2016, Advantage and Disadvantage The SEC (Securities and Exchange Commission) disclosed its examination priorities list for 2016. The SEC is focused on retirement investments, and especially variable annuities as a retirement product warranting attention. The insurance companies are interested in […]

ATTORNEY NEWSLETTER A $125 Million Settlement Put Skilled Nursing Facilities on Notice A Qui Tam Lawsuit against the Kindred/RehabCare Nursing home company has just settled for $125 million, according to the law firm that handled the case. The claims, levied under the False Claims Act, were that nursing homes owned […]

ATTORNEY NEWSLETTER The Potentially Pitfalls of the Annuity There’s a lot of contention surrounding the annuity, an increasingly common financial product as the population ages. Opinions range from embracing the product to utterly disavowing it. There’s one thing that both sides of the argument can agree on: the wrong annuity […]

ATTORNEY NEWSLETTER Endo Pharmceuticals and seven of its subsidiaries will pay $39 million to settle a whistleblower qui tam lawsuit alleging that the company manufactured and sold fluoride multivitamins containing less than half the labeled dosage. Fluoride is important to the dental health of children. Generally, we could find fluoride […]

ATTORNEY NEWSLETTER It’s important that seniors be aware of the possibility of investment fraud. They are often seen as valuable targets by potential scammers. Older people should be aware about the risks of investing in a new company or in a bank or insurance company. Elders are sometimes more vulnerable […]

Transamerica Corporation is an American holding company for a variety of investment and insurance firms. Transamerica Life Insurance Company markets to seniors and others interested in life insurance; supplemental health insurance; annuities and retirement services; and other investments. Transamerica makes attractive promises to policyholders and investors who have worked their […]

Many seniors are rightfully concerned about their financial futures and the legacies that they will end up leaving behind for their loved ones. It takes a lifetime of work to save up enough for retirement, and even with diligent savings, many seniors end up worried about how long their nest […]

The ING Group is a multi-national banking and financial services corporation offering life insurance, annuities and other financial products. ING has faced multiple lawsuits and allegations of various types of fraud, including allegations of accounting fraud and selling life insurance contracts that do not pay as promised. In 2012, ING […]

ATTORNEY NEWSLETTER Changing Annuities Rules May Even the Playing Field We’ve spoken a lot about the convoluted rules governing the financial products that are grouped under the name “annuities.” This moniker can cover a staggeringly wide variety of related products and categories, including deferred variable, indexed, and numerous other obscure […]