Category: Annuities

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 […]

ATTORNEY NEWSLETTER A report released by the Financial Conduct Authority in February 2014 said that the deferred annuities market is messy and that customers are not getting the deals that they deserve. Deferred annuities are a type of investment popular with seniors and elders. Athene USA, known more as Aviva […]

ATTORNEY NEWSLETTER In 1997, Transamerica Life Insurance Co. became the first insurance company to introduce the Indexed Universal Life insurance policy. Since then, Indexed Universal Life insurance policies have grown in popularity. Indexed Universal Life insurance policies base rate of returns on the performance of stock market index. Purchasers are […]

ATTORNEY NEWSLETTER Seniors who have or are thinking about purchasing an equity-indexed annuity (EIA) should be aware of the advantages and disadvantages that come with an equity-indexed annuity. Some sellers of annuities include Massachusetts Mutual Life Insurance Company, Principal Life Insurance Company, Jackson National Life, Pacific Life Insurance Company, Aviva […]

ATTORNEY NEWSLETTER A deferred variable annuity may sound like a good idea for elders. A deferred variable annuity supposedly offers tax-deferred treatment of earnings, death benefits, and guaranteed income for life.  However, this information can be misleading.  Annuities may not be right or even beneficial for elders.  Keep in mind […]