Wednesday, April 12, 2023

Texas lawsuit: Lincoln annuity fell far short of illustration promises

Texas lawsuit: Lincoln annuity fell far short of illustration promises

A Texas lawsuit claims that Lincoln Financial sold nine plaintiffs a fixed indexed annuity with illustrated promises of big gains that never materialized. The group of nine plaintiffs seek class-action status and are suing both Lincoln and Fidelity Product Services, provider of the index upon which the Lincoln FIA is linked.

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