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January 23, 2012
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Did You Know?    
 
 
Variable annuities are not suitable for meeting short-term goals
Remember: Variable annuities are designed to be long-term investments, to meet retirement and other long-range goals. Variable annuities are not suitable for meeting short-term goals because substantial taxes and insurance company charges may apply if you withdraw your money early. Variable annuities also involve investment risks, just as mutual funds do.

 



Our New York Annuity Lawyers are lawyers who specialize in the field of Annuity Law and other White-Collar crimes.

An annuity is an annual sum paid from a policy or gift. Annuity is short for a purchased annuity policy, which will pay dividends to its owner over a fixed period of time, or for life. Annuities are detailed contracts between you and an insurance company.

There are two kinds of annuities: Immediate Annuities and Deferred Annuities. Immediate Annuities are transacted by giving the insurance company money and the company promises to make immediate regular payments to you over your lifetime. Deferred Annuities allow your money to grow or accumulate through tax-deferred interest accumulation over a period of time before the insurance company begins paying you.

Sadly, annuities fraud is one of the most common white-collar crimes committed by criminals.

There are many different ways a criminal can commit annuities fraud, including:

  • Client Manipulation
  • Providing False Information
  • Lying to Auditors
  • Unauthorized Transactions
  • Breach of Fiduciary Duty
  • Broker Embezzlement

If you or anyone you know needs an attorney specializing in New York Annuities Law, or any related topic, contact us now and receive a free case review.

Contact our New York Annuity lawyer today and get a free consultation!

 
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AIG Life Insurance Company - American International Lif
American International Life Assurance Company of New York ... You state that the Separate Accounts offer various variable annuity contracts, ...

 


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Latest news about Annuity cases in New York and nationwide:

Mayor Bloomberg Announces Tentative Agreement With The Uniformed Firefighters’ Association
Mayor Michael R. Bloomberg and Uniformed Firefighters’ Association (UFA) President Stephen J. Cassidy today announced that a tentative contract set...
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Agent Arrested in Annuity Fraud Scheme
Agent Arrested in Annuity Fraud Scheme

David Franklyn McMillin, an Austin life insurance agent, has been arrested on charg...

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California Leads Securities Regulators Crackdown on Promissory Note Fraud
Since the sweep began in July of 1999, California regulators have also taken enforcement action against 185 individuals and 4...
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Annuity Lawyers.com Terms

 


Today's Terms

Market Rate of Interest

Definition:
The percentage of interest paid on certain FERS deposits and refunds. Based on the average interest earned by the Civil Service Retirement and Disability Fund in the previous year. In 1998, the interest rate is 6.75%.

Annuity Starting Date

Definition:
For most types of annuities, the first day of the month following either the date after the day you separate from service or the date after your last day in pay, whichever is earlier. If you were in pay status for three days or less in the month of your retirement, the annuity starting date is the date after either the day you separate from service or your last day in pay and in which you meet age and service requirements, whichever is earlier

Annuity

Definition:
Retirement benefit paid on a monthly basis

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Annuity Law Resources

 


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Annuity Law Hot Topics

 
Topics Related to Annuity:

  • Client Manipulation
  • Providing False Information
  • Lying to Auditors
  • Unauthorized Transactions
  • Breach of Fiduciary Duty
  • Broker Embezzlement

More Annuity Law Topics >

New York Annuity-Law Attorney

 
If you live in the following cities and need an Annuity-Law attorney you should contact our Annuity-Law Attorney as soon as possible:

  • Astoria
  • Auburn
  • Bay Shore
  • Brentwood
  • Bronx
  • Brooklyn
  • Buffalo
  • Corona
  • Elmhurst
  • Elmont
  • Endicott
  • Fairport
  • Far Rockaway
  • Flushing
  • Forest Hills
  • Freeport
  • Hamburg
  • Hempstead
  • Huntington
  • Huntington Station
  • Ithaca
  • Jackson Heights
  • Jamaica
  • Jamestown
  • Levittown
  • Lindenhurst
  • Lockport
  • Long Beach
  • Massapequa
  • Middletown
  • New York
  • Newburgh
  • North Tonawanda
  • Patchogue
  • Poughkeepsie
  • Rego Park
  • Ridgewood
  • Rochester
  • Rome
  • South Ozone Park
  • South Richmond Hill
  • Spring Valley
  • Staten Island
  • Tonawanda
  • Troy
  • Webster
  • West Babylon
  • Westbury
  • Whitestone
  • Woodside
  • Yonkers


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