7 Legal Issues That May Come Up When Annuity Owners Die
April 24, 2025 by Allison Bell
Some of the saddest, most common life insurance and annuity suits are interpleader actions.
Those are suits filed by annuity issuers that have no idea where to send benefits or other distributions. The companies are asking the courts to take charge of deciding which parties should be paid what.
For an agent or advisor helping clients with annuities, this may be one of the worst scenarios of all.
The client bought a product that worked well enough that the contract has significant value, from a conscientious insurer that cares deeply about paying distributions to the right party, and the cash may end up flowing the wrong way.
Originally Posted at ThinkAdvsior on April 18, 2025 by Allison Bell.
Categories: Industry Articles
