My late husband set up a lifetime annuity for me with a well-known company. I get a monthly deposit into my checking account.

Annuity fraud occurs when dishonest agents or insurance companies mislead consumers into buying unsuitable or misleading annuities. In many cases, these products come with high fees and few benefits.

You'll also want to be on the lookout for annuity fraud, which occurs when an investor is misled into buying an unsuitable ...

pleaded guilty to a $4.6 million insurance fraud and was sentenced to 87 months in prison. I strongly support structured settlement annuities for accident victims, workers’ compensation cases ...

Regarding retirement planning, an annuity can feel like a comforting safety net. You trade a chunk of your savings – say $250,000 – for a steady income stream, often for the rest of your life.

While annuities are regulated at federal and state levels, you could still face insurance scams, fraud or misinformation. Avoid anyone who pressures you into buying something right away or putting ...

Annuities are becoming one of the most common financial products used when planning for retirement. Buyer demand, fueled by higher interest rates, market volatility from the COVID-19 pandemic and ...

Agents selling variable annuities must hold securities licenses and adhere to federal securities laws. If you suspect fraud or unethical practices from your annuity company, you can file a ...

But annuities? They’re a bit of a hybrid ... unsuitable products or outright fraud — it’s important to understand the regulatory protections (and limitations) in place.