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Amicus Library

Life Insurance - Indexed Annuities
Tabares et al v. Equitrust Life Ins. Co.
Year: 2015
Court: California Court of Appeal, Second District, Division Seven
Case Number: B254409
Issue:
  • Breach of Contract - Consumer Protection
  • Life Insurance - Indexed Annuities
State:
  • California

Indexed annuities are life insurance products that promise high yields for consumers. However, some of these products are sold with “premium bonuses” that in actuality tax the return of the product over time resulting in little or no net gain. Agents and brokers are paid…

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