Migliaccio & Rathod LLP is investigating whether Lincoln Level Advantage variable annuity products charge living-benefit, rider, or protection-related fees in a way that consumers did not reasonably understand at purchase.
Reported Issues
Consumers report concerns about:
- Purchasing variable annuities based on downside protection or income-benefit representations.
- Being told fees were based on account value.
- Later learning that rider charges could be tied to a prior high-water value.
- Paying elevated fees even when account values decreased.
- Not receiving clear explanations of fee-ratchet mechanics.
Why Individuals Should Be Concerned
Potential claims include:
- Misleading fee disclosures
- Breach of reasonable expectations
- Securities-style misstatement
- Consumer protection violations
- Excessive rider charges
- Economic loss from inflated fees
Signs You May Be Affected
- You purchased Lincoln Level Advantage or a similar Lincoln annuity.
- Your rider or benefit fees increased after a market gain.
- Fees remained high after account values fell.
- You did not understand the fee calculation.
- You believe sales materials understated the risk of increasing fees.
If you have encountered these issues, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.