View Full Version : Stolen annuity
Allen Patton
Aug 29, 2013, 12:19 PM
I sold a portion of my annuity in 1995 half of 168000 in 2005 I was to receive the other half in monthly checks of 528.00 until age 80 but the other half didn't come. My lawyer says he's been trying to find it ever since. 8 years is a long time to look what is going on and what should I do?
ScottGem
Aug 29, 2013, 03:51 PM
An annuity is an investment made with a financial institution where you give them money and they promise to give you a monthly stipend for life starting at a specific date.
So what financial institution was the annuity invested with? What documentation do you have for this annuity?
joypulv
Aug 29, 2013, 05:18 PM
Some lawyer you've got there.
Annuity companies can be fly by night and go bankrupt, just like any other. You need to be vigilant with any investment.
Fr_Chuck
Aug 29, 2013, 05:32 PM
If you sold it to a company, you have the name and address of the company you sold it to.
So when you contact that company, what happens. Why has the attorney not merely filed a law suit against company that bought it ?