Investigation and pending actions against Sun Life Assurance Company Of Canada, and Keyport Life Insurance Company.
Our investigation and the claims in our current actions allege that these companies developed, marketed and sold their own versions of an "equity-indexed annuity" to persons, ages 65 and above, residing in the United States of America. Evidence exists that these two life insurance companies conspired to deceive elderly persons into purchasing an annuity product that was deceptively marketed and explained to mislead them into believing that Defendants' product would help them increase their retirement income, but, in actuality, payment would be deferred for years. in most cases, beyond the individual's life expectancy!
Name (Stock Symbol)
Sun Life Financial Inc (SLF)
Sun Life Financial Inc., together with its subsidiaries, provides various life and health insurance products, annuities and financial services.
Keyport Life Insurance Company
Keyport Life Insurance Company, a subsidiary of Sun Life Financial, sells fixed, variable and indexed annuities.
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