Category: Deferred Annuities

ATTORNEY NEWSLETTER Deferred annuities are a financial product that delays payments of income until the investor elects to receive them. This type of annuity has two main phases, the savings phase in which you invest money into the account, and the income phase in which the plan is converted into […]

ATTORNEY NEWSLETTER The insurance commissioners association has been working on new rules to limit captive reinsurance, and formed a new working group to study why captive reinsurance has now spilled over from life insurance into annuities. The group is led by Nick Gerhart, Iowa’s insurance commissioner. A recent New York […]

ATTORNEY NEWSLETTER Aviva Life and Annuity filed its third lawsuit against a group of Dewey & LeBouef LLP executives on Friday in Iowa Federal Court. Aviva Life and Annuity alleges that they were misled about the firm’s finances when they purchased $35 million in secured notes. Aviva Life and Annuity […]

ATTORNEY NEWSLETTER California annuity fraud attorneys note that people should be cautious in purchasing deferred annuity policies. Although these policies may seem like a beneficial investment, consumers are often misinformed about the actual risks of a deferred annuity policy. Some life insurance companies and/or their agents misinform their clients about […]

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 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 […]