Nationwide is 13th life insurer nabbed by New York

June 13, 2022 by Editorial Staff

Nationwide has agreed to pay $5.64 million to settle charges brought against it by the New York regulators for selling new income annuities to people who could have annuitized their existing deferred annuities, possibly at higher income rates than the new annuities paid.

Click HERE to read the full story via RIJ

Originally Posted at Retirement Income Journal on June 9, 2022 by Editorial Staff.