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November 25, 2009, Featured Articles

The Latest Chapter in the Indexed Annuity Saga

By Kerry Pechter   Tue, Nov 24, 2009

In Mooney vs. Allianz Life, the jury didn't award damages because the plaintiffs couldn't prove that they lost money on their investments in indexed annuities.

A federal jury in Minnesota decided in mid-October that Allianz Life Insurance Company of North America used deceptive practices in selling billions of dollars worth of indexed annuities between 2000 and 2007.  


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