Variable Rate Annuities

Napoli Bern Ripka, LLP is currently seeking clients who incurred losses investing in variable rate annuities. Our firm is filing claims on behalf of clients against insurance companies and financial services companies who made unsuitable recommendations to invest in variable rate securities. A variable rate annuity is an insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. The portfolio generally invests in equity securities and its performance determines the amount of this total payment.

The Securities Exchange Commission (SEC) has set regulations requiring firms to sell variable rate annuities only to investors who are able to handle the risks involved with investments linked to the equities markets. Despite these regulations, many financial services firms marketed these products to investors as safe investments that guaranteed a payout to retirees and other investors seeking income to support themselves. If you were sold variable rate annuities by an insurance company or Wall Street firm and have incurred losses or economic hardship due to lack of payments, please contact us today to discuss your case.