Topic
Annuities
203 published works
Rubin On Tax
GRANTOR TRUSTS OWNING AN ANNUITY
Chicago Business Litigation Lawyer Blog
MetLife Allegedly Underreported Claims to Investors
By Peter S. Lubin, Patrick Austermuehle
Back in January of 2012, the City of Westland Police and Fire Retirement System filed a class-action lawsuit against MetLife Inc. They alleged that the insurance company used data from…
Wills, Trusts & Estates Prof Blog
Companies Should Know When Their Customers Die: Court Rendered Judgment For An Estate Who Was Sued By An Annuity Company For Overpayments
In In Re Estate of Scott, an annuity company sued a customer’s estate for not reporting the death of his wife, which resulted in him receiving larger monthly payments after her…
The Fiduciary Litigator
Companies Should Know When Their Customers Die: Court Rendered Judgment For An Estate Who Was Sued By An Annuity Company For Overpayments
In In re Estate of Scott, an annuity company sued a customer’s estate for not reporting the death of his wife, which resulted in him receiving larger monthly payments after…
Structured Settlements 4Real® Blog
Lessons to be Learned from Eric Yerkes v Cessna and Yerkes v Anapol Weiss
By John Darer
by John Darer CLU ChFC MSSC CeFT RSP CLTC Executive Life of New York structured settlement annuitant Eric Yerkes sought recovery of the shortfall he suffered when ELNY went into…
InsureReinsure
NAIC Overwhelmingly Approves Enhancements to Annuity Suitability Model Regulation
On February 13, 2020, the National Association of Insurance Commissioners (NAIC) in Executive/Plenary session passed sweeping changes to its Suitability in Annuity Transactions Model Regulation (#275), potentially greatly affecting the…
The Business of Benefits
SECURE Act and “Portability of Lifetime Income”: Its the “Sleeper” in the Act of which Document Drafters Need to Be Wary
By Robert Toth
Section 109 of the SECURE Act enables something called "Portability of Lifetime Income Options." It is one of those fundamental building blocks with which -regrettably or not, depending on your…
Global Regulation Tomorrow
Part VII judgment puts life-transfers in the spotlight
The usually predictable world of portfolio transfers received a jolt on 16 August when Mr Justice Snowden declined to exercise his discretion to sanction the proposed insurance business transfer of…
International Financial Law Prof Blog
The 10 Key Facts to Understanding Annuities
a slide show presentation by William Byrnes & Robert Bloink There are four broad ways to classify an annuity There are four parties to an annuity contract There are Deferred…
Financial Services Observer
Illinois Supreme Court Rules Annuities Are Not Securities Under Illinois Securities Act
By Michael T. Baier, Steven M. Malina, Beth A. Black, Aimee Wildstone
On March 21, 2019, in Van Dyke v. Jesse White, the Illinois Supreme Court issued a long-awaited opinion relating to Illinois Securities Department authority to regulate annuities under the Illinois…