The Fight Against Inappropriate Annuities For Seniors And How ...
Most deferred annuities are sold by independent agents motivated by their own financial self-interest, Friedman said. Allianz class, the court concluded the products were so bad that no rational senior citizen would buy them. ... Content Retrieval
Agent Guide Allianz MasterDex Annuity SM
Allianz Life Insurance Company of North America Allianz MasterDex X SM Annuity 1The fixed interest allocation option is not available in AL, CA, DE, IA, KY, and TX. Bonus annuities may include annuitization requirements, longer annuitization or surrender charge ... Fetch Content
What Is Happening This Coming April 2, 2007 Week At Lion’s
Hello Lion’s Share Agents, all affiliated Agents and Associates, Kassulker – new regional VP for Allianz Annuities will be training at both the 4PM and the 7PM workshops – Don’t miss this one!!! v Early May: May 9 ... Get Document
UNITED STATES DISTRICT COURT DISTRICT OF MINNESOTA LINDA L ...
The commissions Allianz paid to agents for selling two-tiered equity-index annuities dwarf the 5% to 7% commissions paid to brokers for variable annuities. Upon information and belief, annuities with Allianz’s two-tiered annuities; ... Read Here
Allianz Life Insurance Company Of North America
The top 20 providers of variable annuities in North America. The company has over 200,000 contracted independent agents, through independent agents. Allianz Life distributes individual insurance products through some 300 national marketing companies and ... Access This Document
CLASS ACTION ANNUITY LITIGATION N1
While the theories of the cases differ, they generally allege that Allianz sold deferred annuities to senior citizens that were unsuitable for seniors' financial needs. WY Insurers shall require its agents to make a (8/06) ... View Document
STATE OF NEW YORK INSURANCE DEPARTMENT REPORT ON MARKET ...
ALLIANZ LIFE INSURANCE COMPANY OF NEW YORK CONDITION: DECEMBER 31, 2007 DATE OF notify the Superintendent in a timely manner that agents had been terminated. This is a annuities and accident and health insurance as defined in paragraphs 1, ... Fetch This Document
OF ALLIANZUFE INSURANCE COMPANYOFNORTHAMERICA
Of Allianz's expectations; as outlined to agents ln AUianz'sbusiness policies,practict'lsand agel)~ code of condl)cL Allianz periodically reviews. materials to Alliilili fot review and. approval prior to their use in the sale of Allianz annuities. ... Get Document
American Council Of Life Insurers Compliance & Legal Sections ...
Some evidence suggested that the annuities sales agents inadequately disclosed and inaccurately characterized the interest-crediting practice. tiered annuities from 2000 to 2007. Though Allianz petitioned to remove the case to another ... Content Retrieval
MasterDex Annuity Choosing Option B Or C Can Make A ...
Allianz MasterDex X fixed index annuity offers insurance professionals the opportunity to choose from three different commission options. Bonus annuities may include higher surrender charges, longer surrender charge periods, lower caps, higher spreads, or ... Document Viewer
AGO DOCS-#1856753-v2-LRS FINAL 9-5-07 TESTIMONY OF AG SWANSON ...
Seminar is the portal of entry to sell annuities. allianz, for example, has instructed its agents that, “one of given to agents on how to push annuities on senior citizens: • “treat them like they’re blind twelve-year-olds.” ... View Document
MARKET CONDUCT EXAMINATION REPORT - Department Of Financial ...
Allianz distributes its products solely through licensed independent agents and registered The total population of equity indexed annuities written by all agents was reported to be two thousand forty-two (2,042). Additionally, the Company reported that ... View Doc
Third Party Money Manager Customer Authorization Of Transfer
I agree to indemnify and hold harmless Allianz and any of its servicing agents from and against any and all losses, costs, damages and expenses (including attorney’s fees) which the above-referenced parties may incur by reason of Allianz Variable Annuities ... Retrieve Here
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA - 2000 Market ...
Products (life and annuities) were to be marketed exclusively by RHC and an Allianz shall ensure that all agents are properly appointed by the company and its administrators as required by RCW 48.17.010, prior to solicitation. (Pages 7 – 8) ... View This Document
Allianz Life - Exam Report - Department Of Financial Services ...
Allianz Life Insurance Company of New York, annuities with guaranteed living benefits (“VAGLB”) business. (See Section 5D of this report) independent agents who in turn sell the Company’s products. The Company pays commissions ... Retrieve Document
Agent Guide To Annuity Suitability - Subject
Allianz has a long-standing commitment to making sure that every contract we issue meets the client’s unique needs and financial objectives. 1 annuities or annuities that mandate a deferral period and a minimum annuitization period. ... Get Content Here
June 2007 Regulatory/Law Suitability Scrutiny
Sold annuities without the ability to withdraw funds to support ongoing living expenses. Significantly, the complaint alleges law, enjoining Allianz and its agents from selling deferred annuities to seniors without first determining ... View Doc
Agent Contracting
Allianz Contracting Instructions: Fixed Annuity/Life Transmittal (3 pages): (1) On the "Agent Name" line enter your full name. (2) On the "Agent Number" line please enter the last 6 digits of your Social ... Read Document
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