Category: Annuities

ATTORNEY NEWSLETTER A settlement involving over 200,000 senior citizens was recently approved in a California District Court lawsuit against Allianz Life Insurance Company of North America for the sale of deferred annuities to elderly victims. The class members in the class action lawsuit were recently awarded approximately $250 million in […]

ATTORNEY NEWSLETTER California insurance fraud attorneys are investigating potential claims against ING, now called Voya, related to the sale of annuities and life insurance policies. ING sold annuities and life insurance policies through its subsidiaries Security Life, ReliaStar, ING Life and Annuity, and ING USA. ING US officially became Voya […]

ATTORNEY NEWSLETTER California insurance fraud attorneys are investigating potential claims against Transamerica Life Insurance Company related to the sale of both annuities and life insurance policies. Transamerica Life Insurance Company, which is owned by Aegon N.V., refers to itself as “one of the world’s leading financial services companies, providing insurance, […]

ATTORNEY NEWSLETTER California insurance fraud attorneys are investigating potential claims against Prudential Life Insurance Company of America related to the sale of deferred annuities and life insurance policies. Deferred annuities, or fixed annuities, are types of long-term investments that often prohibit or preclude withdrawals for at least 10-20 years. Deferred […]

ATTORNEY NEWSLETTER California insurance fraud attorneys are investigating potential claims against John Hancock Financial related to the sale of both annuity and life insurance policies. Deferred annuities, or fixed annuities, are types of long-term investments that often prohibit or preclude withdrawals for at least 10-20 years. John Hancock’s website states, […]

ATTORNEY NEWSLETTER California annuity fraud attorneys are investigating potential claims against Genworth Financial related to the sale of deferred annuities, as well as life insurance policies. Deferred annuities, or fixed annuities, are types of long-term investments that often prohibit or preclude withdrawals for at least 10-20 years. Deferred or fixed […]

ATTORNEY NEWSLETTER California annuity fraud attorneys are investigating potential claims against Aviva Life Insurance Company: Aviva USA/Athene USA, Aviva Life and Annuity Company related to the sale of deferred annuities. Deferred annuities, or fixed annuities, are types of long-term investments that often prohibit or preclude withdrawals for at least 10-20 […]

ATTORNEY NEWSLETTER An annuity is a type of insurance product that can be either deferred or pay out income, and is often used as a retirement strategy. The main types of annuities are deferred annuities, fixed equity annuities, indexed annuities, immediate annuities, and variable annuities. The size of the payment […]

ATTORNEY NEWSLETTER Annuities are frequently sold to elders and seniors. Annuities are contracts between an insurance company and the buyer. They are designed to provide scheduled payments to the policy holder, after retirement. Seniors have increasingly been targeted to purchase annuities, because they tend to have accumulated a portion of […]

ATTORNEY NEWSLETTER A report released by the Financial Conduct Authority in February 2014, said that the annuities market is messy and that customers are not getting the deals they deserve. In response, the government has put a cap on the sale of annuities. This cut to the annuities market has […]