Avoiding the Potholes on the Road to Retirement: Understanding Annuity Risks

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 consumers, especially more elderly consumers, because of excessive “hidden” fees and large surrender …

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Care for a STOLI? Careful! You May Find Yourself in Trouble.

Stranger Originated Life Insurance, also known as a “STOLI,” is a life insurance policy financed or held by a person who has no relationship to the person insured under the policy.  In the typical STOLI transaction, an investor encourages an elderly person to purchase a life insurance policy and name the investor, who pays the …

Read moreCare for a STOLI? Careful! You May Find Yourself in Trouble.

McKennon Law Group PC Client Awarded $543,612.62 in Damages in Investment Loss Case – the First of its Kind in Hundreds of Pending Medical Capital Cases

In what appears to be the first FINRA arbitration award of its kind in the pending Medical Capital cases, McKennon│Schindler LLP client Eric Anderson was awarded $543,612.62 in damages (the full amount of his investment losses) for his massive losses caused by his financial advisor firm’s negligence and breach of fiduciary duties owed to Mr. …

Read moreMcKennon Law Group PC Client Awarded $543,612.62 in Damages in Investment Loss Case – the First of its Kind in Hundreds of Pending Medical Capital Cases

The NAIC Announces Hearings on Stranger-Owned Annuities

Stranger-Owned Annuities allow investors to purchase an interest in the life of an elderly or terminally ill person, inducing the insured to purchase the policy largely for the benefit of unrelated and sometimes unknown beneficiaries. The NAIC will examine whether greater regulation of the Stranger-Owned Annuity market is warranted and whether consumers are adequately protected. …

Read moreThe NAIC Announces Hearings on Stranger-Owned Annuities

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Address: 20321 SW Birch St. Suite 200
Newport Beach, CA 92660

Phone: 800-682-4137

We also have offices in Los Angeles, San Diego and San Francisco.

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