Thursday, January 29, 2009

 

Arizona residents claim fraud on EquiTrust annuity

Two Arizona residents have filed a class action lawsuit against an Iowa insurance agency, claiming the company engaged in fraudulent business and marketing practices regarding its sales of indexed annuities.

The complaint, filed Jan. 12, claims EquiTrust Life Insurance Co. sold an annuities package that matured after the policyholder’s 105th birthday, thereby protecting the firm from risk, while damaging the financial security of the policyholder...

Phoenix Business: Arizona residents claim fraud on EquiTrust annuity

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