Equity Index Annuities

Skilled Attorneys Handling Equity Indexed Annuities

Equity indexed annuities are poorly regulated financial instruments sold by insurance agents who, unfortunately, rarely understand these complex products. Far too often, investors are led to believe that equity indexed annuities are very safe and that they cannot lose their principal investment. Quite simply, this is not true. In fact, almost all people holding equity indexed annuities will lose money.

If you have equity indexed annuities in your investment portfolio, you likely have a problem. Contact the law office of Hermann, Cahn & Schneider in Cleveland, Ohio. Our investment litigation practice group, stockmarketloss.com, can help you understand your investment portfolio and any troubles with your equity indexed annuities. Our four attorneys have more than 100 years of combined experience handling investment litigation matters.

Contact our offices today to schedule a free consultation and case evaluation.

Call toll-free: 877-215-0593.

Incredibly Complex Financial Instruments

With equity index annuities, there is almost no chance that you are getting what you were promised. These earned interest annuities are incredibly complex financial instruments, sold by insurance agents who don't even necessarily understand what they are selling. Instead of providing an honest and accurate assessment of the risks associated with the product, the agents generally default to standardized marketing claims regarding safety and stability.

As an example of the complexity of indexed annuities, we recently worked to understand the method by which the death benefit would be calculated in a particular annuity that had been sold to a client. Even with our comprehensive understanding of financial instruments, it took one of our lawyers six hours to chart and cross-reference the various definitions and provisions needed to determine the method for calculating the death benefit.

In a recent case related to equity index annuities, the company that issued the annuity argued to the court that the annuity language disclosed all of the associated risks, costs and fees. In response, the judge found that even with full disclosure, it was doubtful that a purchaser would understand the terms.

Contact Our Offices to Discuss Your Investment Portfolio

The lawyers at Hermann, Cahn & Schneider can help you preserve your investments, and help you deal with equity index annuities, which are rarely an appropriate investment for any investor.

If you have equity index annuities in your investment portfolio, contact our offices for a free case evaluation.