Annuity
Harm/Unfair Sales Practices
Insurance companies
have engaged in unfair business practices by selling annuities and
other products with high, hidden fees and other inadequately disclosed
problems. Annuities often do not meet the expectations or needs
of consumers and much of the harm often caused by these products goes
undetected. Annuity Agents, Brokers, and Salespeople have participated
in deceptive practices while selling annuities -- forcing unsuspecting
investors to be sold these often inappropriate investments.
Independent studies have found that the majority of annuity sales are
inappropriate – resulting in the substantial transfer of annuity
buyer’s money being unwittingly transferred to insurance companies --
in exchange for benefits with little to no value. This harm often
results from important information being withheld from consumers at the
time of sale as well as post sale. In the past, consumers have
been taken advantage of and powerless against insurance
companies. As an annuity owner, you may qualify for a special
program that can identify and recover any harm you have suffered due to
an unsuitable annuity.
You
May Qualify If:
- You
own an annuity that has excessive surrender charges
- You
were not informed of the heavy penalties to get out of your annuity
- You
were misinformed about the annuity’s return policy
- You
were not given a prospectus for your annuity at the appropriate time
- You
were misled about how much the annuity may earn
- You
were given any unreasonable expectations about the annuities
performance or benefits
- You
were told you could get a stock market return without stock market risk
- You
were told you could receive a lifetime income or withdrawal benefit and
were led to believe that the interest rate on those payments to you
were in your interest
- You
were not informed of the punitive way your annuity is taxed both when
you are alive and when you die [Non-IRA Accounts]
- You
were encouraged to put money in an annuity to qualify for Medicaid or
other state benefits
- You
were told that an annuity was needed to avoid probate
- You
lost significant money in your annuity due to recent market conditions
- You
were told that an annuity was better than mutual funds or other
investments
- You
were not provided with a clear example of how the annuity’s benefits
worked and the impact of the charges you were paying for them
- You
made less money than you expected from your annuity
- You
were not told about the limited liquidity of your annuity
- You
discovered that you could not get certain annuity benefits unless you
annuitize or agree to receiving payments over many years
- You
were sold an annuity without being informed of other investment
alternatives
- You have other
reasons which may lead you to believe your annuity was unsuitable
This is the only authorized website to assess
these types of settlements and claims. Claims filed through
other sources may be unreliable in assessing your losses and or damages
and may prove to be ineffective or rejected when filing a claim for the
return of your money and consequential damages. This
program is not in any way connected with any annuity sales or marketing
company. This is a legal assistance
program exclusively to provide the maximum recovery for annuity owners.
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