Category: Annuities Fraud

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 […]

ATTORNEY NEWSLETTER Legal Issues Surrounding an Aging Population Many of the major shifts in American society in the last half century can be attributed, directly or indirectly, to the baby boomer generation. It’s been known for years that as that generation ages, it will lead to major changes in employment, […]

ATTORNEY NEWSLETTER How to Prepare for Changing Rates Planning Ahead Many people see life insurance as a solid way of planning for the future. If you purchase a whole life insurance policy while you’re young, and start making payment early, you can keep your monthly payment down while accruing cash […]

ATTORNEY NEWSLETTER Indexed Annuities The History of the indexed annuity To understand the growing popularity of the indexed annuity, it is essential to understand how the product developed, what it was intended to do, and what it is being used for today. Indexed annuities are annuities whose return rate is […]

Lincoln Benefit Life Co. was sold by Allstate Financial to Resolution Life Holdings for $600 million in 2013. Lincoln Benefit Life Co. sold both standard life insurance policies, as well as deferred annuity policies. With the sale, Allstate joined a string of companies selling off their annuity businesses.

Genworth Financial started in 1871 as The Life Insurance Company of Virginia. Today, it is a Fortune 500 insurance company selling life insurance policies, annuities, long-term care insurance, and mortgage insurance.  Many seniors nationwide are policyholders with annuities, life insurance, and long-term care coverage through Genworth, as the company is […]

Allianz Life Insurance Company is based in Minneapolis but sells life insurance and annuities throughout the United States.  Fixed annuities, indexed annuities, variable annuities and deferred annuities are among the annuities sold by Allianz.  Allianz also offers variable and whole life insurance policies, which provide not only a death benefit […]

ATTORNEY NEWSLETTER What Makes Annuities Sell? Annuities have become a very prominent part of the financial landscape, with large numbers of senior citizens buying them in order to secure their financial future. Looking at the details of the product, however, it’s not clear that any of the many types of […]

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 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 […]