Allstate Faces Suit Over Deferred Annuities Penalties

Law360, New York (August 8, 2012, 12:30 PM EDT) -- The son of a deceased Allstate Life Insurance Co. policyholder lodged a putative class action Monday in California federal court accusing the company of deceptive marketing to the elderly and failing to properly disclose surrender charges for early withdrawal from deferred annuity products.

Robert Von Merta claims Allstate developed and issued unlawful policies to California residents aged 60 and older that did not adequately reveal hefty surrender charges that remain in effect for the first nine to 10 years of the policy. The company is taking...
To view the full article, register now.




Case Information

Case Title

Von Merta v. Allstate Life Insurance Company

Case Number



California Northern

Nature of Suit



Maxine M. Chesney

Date Filed

August 5, 2012

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.