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January 07, 2010
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Welcome to Illinois Annuity Lawyers.com

 

 
Did You Know?    
 
 
Employee Retirement Income Security Act (ERISA)
The federal law that establishes the basic requirements for employee benefit plans. The authority for administering and enforcing ERISA is divided among three federal agencies: The Internal Revenue Service (IRS), the Department of Labor (DOL), and the Pension Benefit Guaranty Corporation (PBGC).

 



Our Illinois Annuity Lawyers are lawyers who specialize in the field of Annuity Law and other White-Collar crimes.

An annuity is an annual sum paid from a policy or gift. Annuity is short for a purchased annuity policy, which will pay dividends to its owner over a fixed period of time, or for life. Annuities are detailed contracts between you and an insurance company.

There are two kinds of annuities: Immediate Annuities and Deferred Annuities. Immediate Annuities are transacted by giving the insurance company money and the company promises to make immediate regular payments to you over your lifetime. Deferred Annuities allow your money to grow or accumulate through tax-deferred interest accumulation over a period of time before the insurance company begins paying you.

Sadly, annuities fraud is one of the most common white-collar crimes committed by criminals.

There are many different ways a criminal can commit annuities fraud, including:

  • Client Manipulation
  • Providing False Information
  • Lying to Auditors
  • Unauthorized Transactions
  • Breach of Fiduciary Duty
  • Broker Embezzlement

If you or anyone you know needs an attorney specializing in Illinois Annuities Law, or any related topic, contact us now and receive a free case review.

Contact our Illinois Annuity lawyer today and get a free consultation!

 
Illinois Audio & Video    
 
   
 
Illinois External Sites    
 
 

Teachers' Retirement System of the State of Illinoi
To be eligible for a TRS retirement annuity, the Illinois Pension Code requires you to terminate active service as a teacher. ...
Teachers' Retirement System of the State of Illinoi
TRS retirement annuity is determined by average salary and total years of creditable service, ... Masthead photo. TRS logo, trs.illinois.gov ...

 


  Newsroom  
 


Latest news about Annuity cases in Illinois and nationwide:

Beware Of Charitable Organization Acting As Annuity Entity
Missourians should exercise caution when supporting an alleged Tennessee-based charitable organization.

At least three states have issued c...

Read more >


Lawsuit Charges Insurance Companies, Financial Planners
Lawsuit Charges Insurance Companies, Financial Planners with Elder Abuse, Fraud; Consumer Protection Action Alleges Corporate Scare Tactics...
Read more >


OTR Issues Advisory on Survivor Benefits


Read more >


More Annuity News >

 
 

Annuity Lawyers.com Terms

 


Today's Terms

Annuity Starting Date

Definition:
For most types of annuities, the first day of the month following either the date after the day you separate from service or the date after your last day in pay, whichever is earlier. If you were in pay status for three days or less in the month of your retirement, the annuity starting date is the date after either the day you separate from service or your last day in pay and in which you meet age and service requirements, whichever is earlier

Automatic Cancellation of Waiver

Definition:
The automatic entitlement to Basic insurance and ability to elect Optional insurance if you are reinstated after a break in service of at least 180 days.

Incontestability

Definition:
A statutory provision permitting erroneous enrollments that have continued for at least two years to become valid, if you have paid the applicable premiums during the period of erroneous coverage.

More Annuity Lawyers.com Terms >

 

Annuity Law Resources

 


Search Annuity Law resources in our resource center:

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Annuity Law Hot Topics

 
Topics Related to Annuity:

  • Client Manipulation
  • Providing False Information
  • Lying to Auditors
  • Unauthorized Transactions
  • Breach of Fiduciary Duty
  • Broker Embezzlement

More Annuity Law Topics >

Illinois Annuity-Law Attorney

 
If you live in the following cities and need an Annuity-Law attorney you should contact our Annuity-Law Attorney as soon as possible:

  • Arlington Heights
  • Aurora
  • Bartlett
  • Berwyn
  • Bolingbrook
  • Buffalo Grove
  • Carol Stream
  • Chicago
  • Chicago Heights
  • Cicero
  • Des Plaines
  • Elgin
  • Glenview
  • Granite City
  • Harvey
  • Joliet
  • Lockport
  • Lombard
  • Mchenry
  • Moline
  • Mount Prospect
  • Normal
  • Oak Lawn
  • Palatine
  • Plainfield
  • Tinley Park
  • Waukegan
  • Wheaton


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