Monday, November 30, 2009
The Latest Chapter in the Indexed Annuity Saga
A federal jury in Minnesota decided in mid-October that Allianz Life Insurance Company of North America used deceptive practices in selling billions of dollars worth of indexed annuities between 2000 and 2007.
But, in the case of Mooney vs. Allianz Life, the jury found no reason to award damages to the estimated 340,000 people who joined the class-action suit against Allianz Life, because they didn't lose money on the products.
The Latest Chapter in the Indexed Annuity Saga
Source: Retirement Income Journal
But, in the case of Mooney vs. Allianz Life, the jury found no reason to award damages to the estimated 340,000 people who joined the class-action suit against Allianz Life, because they didn't lose money on the products.
The Latest Chapter in the Indexed Annuity Saga
Source: Retirement Income Journal
Permalink posted by armandn @ 1:00 PM 
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