Security Benefit Annuity Lawsuit

Guggenheim partners llc recently acquired the company although the company continues to market its products under the security benefit name.

Security benefit annuity lawsuit.

Security benefit life insurance co targets the insurer s use of so called proprietary indexes in two of its indexed annuity products starting around 2011. A class action lawsuit claiming that security benefit defrauded its indexed annuity clients by deceptively marketing proprietary index performance reemerged in federal court this week. Reviewers write the most about security benefit annuity and give it 1 5 stars out of 5. A class action lawsuit was filed in a washington district court against security benefit life insurance.

And regards the insurer s use of proprietary indexes in two of its indexed annuity products starting near 2011. The lawsuit targets two of security benefit s fias the total value and secure income annuities both of which offer the annuity linked trader vic index altvi which is based on commodities. Security benefit was first mentioned on pissedconsumer on mar 21 2016 and since then this brand received 20 reviews. Security benefit life class action lawsuit i rarely put out more than one newsletter a week but when this came across my desk this morning i had to get it out.

Select benefit annuity total value annuity tax deferred growth elitedesigns variable annuity elitedesigns ii variable annuity. A lawsuit alleging that security benefit life insurance co. The overall rating of the company is 1 4 and consumers are mostly dissatisfied. The lawsuit howard rosen v.

For the record i warned agents to stay away from security benefit sb and their too good to be true fias that are the subject to this lawsuit. The lawsuit targets two of security benefit s fias the total value and secure income annuities both of which were offered with proprietary indices that the company advertised as capable of. Engaged in a fraudulent scheme related to its indexed annuities hints there might be rough tides ahead. Security benefit life insurance co.

Security benefit ranks 361 of 1809 in financial services category.