This digital document is an article from The Register-Guard (Eugene, OR), published by The Register Guard on October 31, 2008. The length of the article is 1030 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.
Citation Details
Title: Insurance firm fined over sales to seniors.(Financial)(Bankers Life refunds money to about 20 older clients to whom it sold annuities that weren't suitable for them)
Author: Gale Reference Team
Publication: The Register-Guard (Eugene, OR) (Newspaper)
Date: October 31, 2008
Publisher: The Register Guard
Page: A1
Distributed by Gale, a part of Cengage Learning
Excerpt. © Reprinted by permission. All rights reserved.
Byline: Ilene Aleshire The Register-Guard
State officials have fined a life insurance company that does business in Eugene $150,000 and ordered it to refund money to some of the senior citizens to whom it sold annuities. It also was told to "overhaul the way it does business," said Cheryl Martinis, a spokeswoman for the state Department of Consumer and Business Services.
Bankers Life and Casualty Co. has already given refunds, on the state's orders, to approximately 20 seniors who were sold about 30 annuities that were inappropriate and took most or all of their money, Martinis said Thursday.
