Deferred annuities are long-term investments for which claims typically arise only after several years. Today there is over two trillion dollars in outstanding deferred annuity accounts across all economic sectors growing by two hundred billion dollars annually. They are actively advertised and promoted for their safety, income, benefits, and guarantees. While the annuity industry benefits substantially from deferral, the benefits of deferral for investors are questionable if not problematic.
Deferred annuities are encountered in all areas of practice, particularly elder law, retirement, and in areas where valuation and sustainability are concerned, which means that many attorneys will encounter these types of investment vehicles. Understanding the basics of this pervasive investment are essential to identifying potential legal claims or heading off potential litigation in the future. This program will provide attorneys with the basic tools to determine if the costs and drag of deferred annuities actually benefits or injures the investor, and to make well-informed decisions in proceeding with a claim.
Frederick Rosenberg is a retired attorney with over 40 years’ experience as a Finra Principal, as Examiner-in Charge of Bank Trust and Brokerage credit-audits, as a sole practitioner representing claimants in Arbitration, and as a forensic expert in securities arbitration. He has authored several articles on Investor issues, including deferred annuities, and is a longtime editor and contributor to the Public Investors Arbitration Bar Association, PIABA, Bar Journal. In recent years as a Forensic Expert he has seen a meaningful increase in insurance claims involving deferred annuities as older ones are switched or surrendered with losses.
Very informative program
Clearly the attorney teaching the class is an expert and the slides were great.
Presenter was outstanding.
Very enlightening revelation on annuity fraud
Obviously knowledgeable and gave excellent information on the topic. Thanks!
Excellent Presentation. Thanks.