Beverly Buhs and her husband bought an annuity purchased from a company later by AIG, which was intended to provide her after his death. Attorney Ingrid Evans showed AIG significant windfall from the sale of deferred annuities to older customers have experienced. Buhs didn't find out until after the death of her husband, that the pension subject to a significant decline was death surrender charge, if redeemable soon after purchase. This penalty has been deposited with less money than she and her husband inthe pension if they, when her husband was bought 75th Industry standards show that deferred annuities are inappropriate investments for people older than 65. Evans reviewed the pension contract and found no trace of the forfeiture penalty, even though AIG had asked for the punishment announced. A class of 750 older widows and widowers was formed, and after four years of litigation, the victim received a settlement that their money again.
http://www.youtube.com/watch?v=NSPcmqTSJj0&hl=en
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