Attention: Class Members
The parties in this case have agreed to a settlement, which has been preliminarily approved by the Court. More information, including claim forms, is available at www.annuitypracticesandsalessettlement.com/. The Court will hold a fairness hearing to consider final approval of the proposed settlement on Jan. 27, 2014.
You can reach the Claims Administrator by calling 1-866-336-6421.
Hagens Berman Sobol Shapiro is serving as co-counsel in a case against American Equity Investment Life Insurance Company that claims the company knowingly engaged in an unethical and fraudulent scheme targeted towards senior citizens.
The lawsuit alleges American Equity exploits customers' fears of outliving their assets and pushes them into a deferred annuity plan that ties up their investments and savings for 10 to 20 years. These accounts carry large surrender charges and create complications for loved ones dealing with estates when family members pass.
The lawsuit further alleges that American Equity sells these plans through a network of marketing and sales agents using fraudulent and deceptive sales tactics.
Hagens Berman purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm.