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Category: Annuities

Jan 23, 2014 - Annuities by |

Genworth Agrees to Multi-Million Dollar Settlement Regarding Life Insurance and Annuities

ATTORNEY NEWSLETTER Genworth Life Insurance Company, Genworth Life and Annuity Insurance Company, and Genworth Life Insurance Company of New York agree to a multi-state settlement regarding life insurance and annuity practices.  This was a multi-state examination that included Florida, California, Delaware, Illinois, Iowa, New Hampshire, North Dakota, Pennsylvania, and Virginia.  […]

Sep 20, 2013 - Annuities by |

Massachusetts Mutual Life Insurance Company Deferred Annuities-Update on Prior Lawsuits

ATTORNEY NEWSLETTER A class action lawsuit was filed against Massachusetts Mutual Life Insurance Company in 2004 alleging that the company engaged in deceptive sales practices with respect to the sale of deferred annuities.  Massachusetts Mutual Life Insurance Company denied all claims in the complaint.  Massachusetts Mutual Life Insurance Company contended […]

Sep 20, 2013 - Annuities by |

Pacific Life Insurance Company Hit With Class Action Lawsuit Over Deferred Annuities Sales-Update on Prior Lawsuits

ATTORNEY NEWSLETTER Pacific Life Insurance Company was the target of a class action lawsuit related to sales of deferred annuities.  The 2005 lawsuit alleged that Pacific Life Insurance Company and its salespeople committed securities fraud because they failed to disclose that tax deferral advantages of its annuities products might be […]

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