Filed Under:Annuities, Fixed Indexed

Neasham Case: The Silence is Deafening

It has been suggested that some bloodthirsty law firm may soon flood the cable TV airwaves with ads asking, “Are you a senior who bought an indexed annuity? If so, you may be eligible to recover damages in a legal action…”

That’s the kind of door the “theft” conviction in the California court case of Glenn Neasham seems to have opened. Neasham is the independent insurance agent who sold a $175,000 Allianz MasterDex 10 annuity to an 83-year-old woman in 2008. There are several key questions surrounding the specifics of the case, including whether or not she had shown signs of dementia by the time of the sale ­— and far too many to address in limited space here. (Read as much background about it as you have time for by typing “Glenn Neasham” into the search box at www.LifeHealthPro.com and www.ProducersWeb.com.)

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Nichole Morford

Nichole Morford
Managing Editor

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