Allianz Life Insurance Annuity Class Action Lawsuit Update

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Allegations against Allianz Life Insurance Company of North America assert that the company conspired with a network of insurance sales agents to induce people 65 or older to purchase deferred annuities by means of misleading statements contained in the uniform sales materials. More specifically, the allegations are that Allianz failed to disclose facts that would have revealed its deferred annuities are fundamentally inferior investments for buyers who are 65 or older.

There is a class action lawsuit currently pending that offers some relief, but the relief may not be adequate for all persons who purchased these deferred annuities. Opting out of the class action may be a more appropriate course of action for some.

Our firm has received a number of cases we believe are valuable on an individual basis. In order to be excluded from the class action and pursue an individual claim, your opt-out notice must be postmarked before May 15, 2007. The "opt out" and/or exclusion notice has very specific instructions. These need to be followed as prescribed.

If you are part of the Allianz class action, it may be important to contact an attorney to review the value of your individual claim by clicking the link or filling out the form at right. Thank you.