Category: Deferred Annuities

ATTORNEY NEWSLETTER Athene Holding Ltd. Has completed its acquisition of Aviva USA Corp. The new entity is now called Athene USA and is headquartered in West Des Moines, Iowa. Regulators in Iowa and New York approved the deal after a stipulation was signed. The stipulation requires more oversight and higher […]

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.  […]

ATTORNEY NEWSLETTER Midland National Life Insurance Co. and North American Company for Life and Health Agree to a Multi-State Settlement Regarding Life Insurance Practices.  This was a multi-state examination that included Florida, California, Illinois, Iowa, New Hampshire, North Dakota, and Pennsylvania.  The settlement requires Midland National Life Insurance Co.’s and […]

Deferred annuity insurance policies often target senior citizens for their sale. Companies, such as Principal Life Insurance Company, offer deferred annuities that give the individual peace of mind that they have invested a portion of their funds into a life insurance policy, to care for the people they leave behind—a […]

Planning for your own death is never easy. And with all the life insurance options available, choosing the right plan for you and your loved ones can be tricky. Insurance companies offer options to invest in inheritance for their children; savings plan for their funeral costs and other expenses, such […]

Deferred annuities can seem like the best option available to retired senior citizens, or people who are about to retire, elder financial fraud attorneys in California note. But these consumers should be wary of these life insurance policies, as some companies offer terms that are not beneficial for anyone over […]

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 […]

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 […]

ATTORNEY NEWSLETTER Two individuals filed a class action lawsuit against EquiTrust Life Insurance Company alleging that the company engaged in fraudulent business and marketing practices with respect to the sale of deferred annuities.  The Complaint alleges that EquiTrust Life Insurance Company sold a deferred annuity that matured after the buyers […]

ATTORNEY NEWSLETTER There are a large number of attorneys and financial advisors who assist former members of the armed forces to file for federal benefits.  These attorneys and financial advisors are accredited by the U.S. Department of Veterans Affairs.  According to statistics prepared by the Veterans Administration, the numbers of […]