Victimized by Unfair Annuities? Gianelli & Morris Can Help
The appeal of unfair annuities is the latest glaring example of elder financial abuse sweeping through Southern California and the country.
These "variable annuities" may look good on paper, or as "sold" by the person explaining them in-person or on TV commercials. But they can be bad for your bottom line, in your twilight years.
It is no accident that the sale of a variable annuity can result in a high commission for an insurance salesperson or broker — especially when sold to an unsuspecting senior citizen. You would typically be obligated to invest with a large lump sum payment. Tax deferral until withdrawal and "guarantee" of principal are what you are told to expect.
Were you victimized by an incomplete explanation of the way variable annuities work? Did your salesperson conveniently avoid mentioning the part about steep penalties for early withdrawal?
That is where we come in. We are Gianelli & Morris. When our state's elderly are preyed upon by unscrupulous annuities dealers, we take action on their behalf. Protecting your rights has been our mission for the past 30 years.
If you find yourself subject to high surrender penalties and only the lowest returns on your investment, contact us. We are dedicated to fighting for justice in cases like yours. Our Los Angeles insurance litigation lawyers' experience with senior annuity class actions can benefit you.
Secure a free consultation by calling 213-489-1600. You can also e-mail us.
Our Skilled Los Angeles Insurance Litigators Protect Your Rights
Three prime examples of unfair annuities fraud are the encouragement to purchase, switch or exchange variable annuities. These tactics typically mean only one thing: an even higher commission for the salesperson, after the higher fees and surrender charges you suffer.
We are not the only insurance professionals who are concerned about questionable financial lures to our retirees. The NASD (National Association of Securities Dealers) and the SEC (Securities and Exchange Commission) have issued a number of investor alerts, warnings and advisories in recent years.
If you have been preyed upon by persuasive annuities sales "experts," we can help. Contact Gianelli & Morris in Los Angeles today.
For 30 Years, a Recognized Leader in Policyholder Legal Representation
Your initial consultation with our unfair annuities attorneys is free of charge. Call us at 213-489-1600 and let us do the rest.
