Sale of Annuities Fraud

posted on:
May 23, 2007

author:
Staff

category:
Fraud

Sale of Annuities

Many insurance companies and national banks have joined forces to sell annuities to bank customers. Some of these annuity sales are based on fraudulent representations, inducing customers to purchase a product that will not perform as represented.

Our law firm has filed a number of class action lawsuits against national banks and major insurance companies for their combined fraudulent conduct in the sale of annuities. As a result of recent banking deregulation, banks are now allowed to sell insurance products to their customers, and in some instances, banks have combined with insurance companies to underwrite these products. As a result, some of these insurance products are being sold based on blatant misrepresentation, especially concerning the explanation of how these insurance products perform.

We continued to file these classes throughout the country in an effort to protect consumers from these fraudulent sales practices.

What can I do?

We enjoy a distinct national reputation for excellence in the area of consumer fraud litigation. This litigation includes individual cases as well as class actions that have been filed throughout the country. Most of the cases involve wrongful conduct of insurance and finance companies including fraud and bad faith. We are also a national leader in the fight against mandatory binding arbitration in consumer contracts.+

If you or a loved one has become a victim of consumer fraud, you may be entitled to compensation. For a free legal consultation, contact us today! 

Free Legal Consultation
At Beasley Allen, there is never a fee for legal services, unless we collect for you. Contact us today by filling out a brief questionnaire, or by calling our toll free number, 1-800-898-2034, for a free, no-cost no-obligation evaluation of your case.
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