Symetra and Pacific Life Sued Over Annuity Beneficiary Changes
June 6, 2025 by Allison Bell
A new lawsuit in Michigan raises questions about what happens when unwanted annuity beneficiary changes affect income taxes.
Laura Gritu, the plaintiff in the suit, has accused two life insurers, Symetra and Pacific Life, of changing annuity beneficiary designations without getting permission from Nick Gritu — who was the owner of the annuities and her father — before retitling the annuities into his trust, the Nick J. Gritu Revocable Trust.
Originally Posted at Think Advisor on June 3, 2025 by Allison Bell.
Categories: Industry Articles
