ATTORNEY NEWSLETTER Indexed Annuities The History of the indexed annuity To understand the growing popularity of the indexed annuity, it is essential to understand how the product developed, what it was intended to do, and what it is being used for today. Indexed annuities are annuities whose return rate is […]

Lincoln Benefit Life Co. was sold by Allstate Financial to Resolution Life Holdings for $600 million in 2013. Lincoln Benefit Life Co. sold both standard life insurance policies, as well as deferred annuity policies. With the sale, Allstate joined a string of companies selling off their annuity businesses.

Genworth Financial started in 1871 as The Life Insurance Company of Virginia. Today, it is a Fortune 500 insurance company selling life insurance policies, annuities, long-term care insurance, and mortgage insurance.  Many seniors nationwide are policyholders with annuities, life insurance, and long-term care coverage through Genworth, as the company is […]

Allianz Life Insurance Company is based in Minneapolis but sells life insurance and annuities throughout the United States.  Fixed annuities, indexed annuities, variable annuities and deferred annuities are among the annuities sold by Allianz.  Allianz also offers variable and whole life insurance policies, which provide not only a death benefit […]

ATTORNEY NEWSLETTER Health Care Providers seek to weaken False Claims Act Healthcare is one of the areas most frequently involved in qui tam cases, and by restricting the avenues available for prosecutors to pursue claims against nursing homes, health care facilities, and pharmaceutical companies, lobbyists hope to prevent the government […]

ATTORNEY NEWSLETTER In California, elder abuse occurs when one takes advantage of the real or personal property of a senior who is over the age of 65. Recently, a case was related of a senior who was financially abused by his own daughter. She stole $320,000.00 from him by draining […]

The whistleblower division is responsible for processing thousands of tax whistleblower claims annually. Private individuals, known as whistleblowers, are authorized to bring on behalf of the Internal Revenue Service division a tax fraud suit to recover money lost. The IRS division shares the money recovered with the whistleblowers, and because […]

ATTORNEY NEWSLETTER What Makes Annuities Sell? Annuities have become a very prominent part of the financial landscape, with large numbers of senior citizens buying them in order to secure their financial future. Looking at the details of the product, however, it’s not clear that any of the many types of […]

The False Claims Act (FCA) is a federal law that imposes liability on federal contractors who defraud governmental programs. The Government is usually the most appropriate to act against fraud, but the FCA includes a qui tam provision that allows people, called the relators or whistleblower, to file actions on […]

At least five major insurance companies have sent letters to policyholders in the past few months informing their policyholders that they should expect increases in premiums for their life insurance policies. Many of the people who received these letters were senior citizens who are age 70 or older. People in […]