Subscribe

Agents fleeced Aviva in church insurance scheme, suit claims

Aviva says a slew of charity-originated life insurance policies were touted as way to aid churches in poorer neighborhoods. But the carrier claims agents and third-party were the biggest beneficiaries

Aviva Life and Annuity Co. late last month filed suit in federal court against a handful of life insurance agents, claiming they fraudulently sold coverage to some 119 church members.
The suit, filed in the U.S. District Court in the Central District of California, alleges that the six agents sold

Subscribe or log in to read the rest of this content.

Learn more about reprints and licensing for this article.

Recent Articles by Author

As indexed universal life sales climb, be sure to mind the risks

Advisers need to bear in mind that this cousin of traditional universal life insurance requires unique precautions.

Donald Sterling’s battle holds harsh lessons for advisers

The L.A. Clippers owner's fight with pro basketball highlights important tax and estate strategies that may surprise you.

Advisers fall short on implementation of long-term-care insurance

Most know it's a key part of retirement planning but lack in-depth knowledge when the need for care arises.

Broker-dealers face administrative hurdles in rollout of QLAC annuity

Confusion remains over who ensures the contract purchase meets Treasury's guidelines.

Finra arbitration panel awards $500,000 to former Morgan Stanley rep

Broker and wirehouse embroiled in a three-year dispute over a promissory note.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print