Breadcrumbs
Home / AG’s Fight Senior InvestmentsAG’s Fight Senior Investments
Last Updated on Thursday, 31 January 2008 12:13 Written by rslcpol Thursday, 31 January 2008 12:13
The Minnesota Attorney General has taken legal action against several insurance companies over their sale of long-term, high surrender charge annuities.
The companies against which the Attorney General has filed lawsuits include American Equity Investment Life Insurance Company and Midland National Life Insurance Company.
With billions of dollars in sales to be made, insurance companies may offer commissions as high as 10 percent to agents to sell products like long-term deferred annuities to senior citizens. In this environment, consumers should arm themselves with information to protect their interests.