On Behalf of McKennon Law Group PC | Aug 29, 2018 | Annuities, Beneficiaries, ERISA, ERISA - Fiduciary Duty, Firm News, Insurance Litigation Blog, Pensions, Retirement Plans/Pensions
Many times, employees must sign written employment contracts before beginning a new position. These contracts generally set forth the terms of the relationship between the employer and employee. They also establish both the rights and responsibilities of the two...
On Behalf of McKennon Law Group PC | Dec 20, 2011 | Annuities, Firm News, Insurance Questions and Concepts
Saving for one’s own retirement is something everyone needs to consider. There are many financial vehicles that can be used when traveling along the road to retirement. One of these financial vehicles is an annuity. However, annuities are often not suitable for...
On Behalf of McKennon Law Group PC | Sep 30, 2011 | Agent/Broker, Annuities, Firm News, Insurance Commissioner, Legislation
California Governor Jerry Brown recently signed a new law that will provide increased protection to seniors and other consumers who are interested in purchasing an annuity. AB 689, which was sponsored by the California Department of Insurance and authored by Assembly...
On Behalf of McKennon Law Group PC | Apr 28, 2011 | Annuities, Firm News, Insurance Commissioner, Life Insurance, News
On April 25, 2011, California Insurance Commissioner Dave Jones and California State Controller John Chiang announced that they are investigating Metropolitan Life Insurance Company (“MetLife”) for a failure to pay out life insurance benefits after learning of an...
On Behalf of McKennon Law Group PC | Mar 14, 2011 | Annuities, Firm News, Legislation, News
In recent years there have been many cases of insurance agents selling unsuitable annuities to members of the public, especially seniors. These annuities typically involve large premiums and very large cash surrender charges. The large cash surrender charges are...
