Need A Venerable Agent To Help You Navigate
If you own a Venerable Annuity and your advisor is not available we are happy to assist you in the servicing of your annuity. We receive multiple calls daily from Voya Annuity policy owners who are frustrated with the customer service process at Venerable.
If we did not sell you your annuity we are not able to access your annuity account information nor provide you with any assistance.
If you no longer have a Venerable advisor to represent you My Annuity Store is happy to assist you with any needs however you must complete and sign this one-page agent of record form.
Upon receiving your form your account information will be accessible via My Annuity Stores Customer Portal and you will be able to call our office and our team will handle all of your annuity services needs directly.
What You Need To Know
- Timothy Brown became chief legal officer of Venerable in 2018.
- Brown worked in private practice for four years before going in-house.
- He was an engineer for four years before becoming a lawyer.
Timothy Brown recalled that as a kid he would take the familys electronics apart and then re-assemble them, a practice that reflected his penchant for problem-solving.
That mindset first led him to become an engineer and then a lawyer, a career path that in 2018 led him to his current employer, the West Chester, Pennsylvania-based insurance and annuity company Venerable, where he is executive vice president, chief legal officer and corporate secretary.
Montoya V Voya Ins & Annuity Co
2:21-cv-00696-RAJ-BAT
12-10-2021
WENDI MONTOYA, Plaintiff, v. VOYA INSURANCE AND ANNUITY COMPANY, VENERABLE INSURANCE AND ANNUITY COMPANY, VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY, VOYA FINANCIAL PARTNERS LLC, VOYA FINANCIAL ADVISORS, INC, VOYA INSTITUTIONAL PLAN SERVICES LLC, VOYA INSURANCE SOLUTIONS INC, VOYA RETIREMENT ADVISORS, LLC, VOYA INVESTMENT MANAGEMENT CO LLC, VOYA SERVICES COMPANY, VOYA BENEFITS COMPANY LLC, FIDELITY INVESTMENTS INSTITUTIONAL OPERATIONS COMPANY LLC, FIDELITY DISTRIBUTORS COMPANY LLC, FIDELITY BROKERAGE SERVICES LLC, Defendants.
BRIAN A. TSUCHIDA UNITED STATES MAGISTRATE JUDGE
REPORT AND RECOMMENDATION
BRIAN A. TSUCHIDA UNITED STATES MAGISTRATE JUDGE
Defendant Venerable Insurance and Annuity Company , the sole remaining defendant in this case, moves to dismiss Plaintiff Wendi Montoya’s First Amended Complaint pursuant to Fed.R.Civ.P. 12. Dkt. 30. Venerable contends that Plaintiff’s claims are barred by the doctrine of equitable estoppel and alternatively, that Plaintiff has failed to state viable claims of breach of fiduciary duty, negligence, breach of contract, Washington’s Consumer Protection Act, and Washington’s State Securities Act. Id.
PROCEDURAL BACKGROUND
On October 14, 2021, Plaintiff and the Fidelity Defendants filed a Joint Notice of Settlement and Request to Continue Pending Deadlines. Dkt. 25.
FACTS ALLEGED IN PLAINTIFF’S FAC
fees to the Voya Account of $2,768.98 and
Id.Id
As to the $90,000.00 Fidelity 401K, Plaintiff stated:
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Voya Insurance And Annuity Company
On September 1st, 2019 VOYA Insurance and Annuity Company, the Legal Entity purchased by Venerable, legally changed its name to Venerable Insurance and Annuity Company.
Venerable Annuity has no intention of issuing and selling its own variable annuities. Rather than selling its own variable annuities, Venerable will seek growth by acquiring existing annuity portfolios of variable annuity policies that insurance companies want to sell.
The company is equally dividing its headquarters between Des Moines and West Chester, Pa., a western suburb of Philadelphia where Voya had based a portion of its variable annuity business.
The potential market for acquiring and managing blocks of variable annuities is substantial, said Patrick Lusk, president, and CEO of Venerable Insurance and Annuity Company. These blocks generally line up well for private equity investors interested in managing the assets of what are essentially run-off blocks of business, the report said.
These run-off blocks also can become platforms for private equity firms to buy additional blocks to add to the run-off model and manage additional assets. A.M. Best said it expects to see continued interest from private equity funds in the life and annuity segment.
Transfer This Lei To American Lei
Transfer your LEI code under the management of American LEI, official Registration Agent for American companies. Our clients benefit from automatic data updates, swift client service and secure payments. American LEI and our group companies are trusted partners for numerous financial institutions around the globe.
RENEW YOUR SUBSCRIPTION
The LEI code must be renewed at least once a year to remain valid in the GLEIF database. We are offering secure and cost-efficient multi-year subscriptions to ensure that your LEI will be always up to date.
UPDATE OR TRANSFER
You can transfer this LEI number under our management for free and apply for data update. After the transfer, you can easily renew all the data directly form our web form.
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Anonymous Problems With Product/service Complaint
Complaint Type: Status:
- 1 Orange Way C1s, Windsor, CT 06095-4773
- BBB File Opened:
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- Mr. Brian Baranowski, Compliance Manager
- Contact Information
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- Mr. Brian Baranowski, Compliance Manager
Customer Contact
- Mr. Brian Baranowski, Compliance Manager
- Additional Contact Information
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Aspida Life Insurance Company
Aspida Life Insurance offers two types of annuity products in 48 states fixed annuities and fixed index annuities. You cannot purchase one of Aspidas annuity products if you live in New York or Connecticut. Learn about Aspidas overall company ratings and annuity products to determine if they suit your financial needs.
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Lindsey Crossmier
Financial Writer
Lindsey Crossmier is an accomplished writer with experience working for The Florida Review and Bookstar PR. As a financial writer, she covers annuities, structured settlements and other personal finance topics for Annuity.org.
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Savannah Hanson
Senior Financial Editor
Savannah Hanson is an accomplished writer, editor and content marketer. She joined Annuity.org as a financial editor in 2021 and uses her passion for educating readers on complex topics to guide visitors toward the path of financial literacy.
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Timothy Li, MBA
Business Finance Manager
Timothy Li, MBA, has dedicated his career to increasing profitability for his clients, including Fortune 500 companies. Timothy currently serves as a business finance manager where he researches ways to increase profitability within the supply chain, logistics and sales departments.
Annuity.org partners with outside experts to ensure we are providing accurate financial content.
These reviewers are industry leaders and professional writers who regularly contribute to reputable publications such as the Wall Street Journal and The New York Times.
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Venerable Acquires Voya Financial
In a June 1, 2018 press release, Venerable Holdings, announced the completion of its acquisition of Voya Financial, Inc.s closed Block Variable Annuity business. As announced in December 2017, Voya has divested its CBVA business to Venerable, a private company established to serve as a leading industry solution for the consolidation of closed variable annuity blocks.
Venerable Annuity was created by a group of investors led by affiliates of Apollo Global Management, LLC, Crestview Partners, and Reverence Capital Partners. Athene Holding, Ltd. and Voya also each have a minority position in Venerable.
This transaction demonstrates our strong belief in the attractiveness of the annuity business and the substantial growth opportunity it represents, stated David Marcinek, Chairman, and Senior Managing Director, Venerable Holdings, Inc. As a focused, standalone business, Venerable is well-positioned to deliver best in class service to our policyholders, solutions to the annuity industry and strong financial value to our investors.
Athene will reinsure approximately $19 billion of Voyas fixed and fixed indexed annuities from Venerable and Voya. Venerable financial will administer these existing annuity contracts.
Athene Asset Management will provide asset management services for these fixed annuities. Voya Investment Management will serve as the preferred asset management partner for Venerable Annuities .
Insurer And Investor Disclosure
Insurance and annuity products are issued by the following insurance companies. All guarantees are based on the financial strength and claims paying ability of the issuing insurance company, who is solely responsible for all obligations under its policies.
- ReliaStar Life Insurance Company1,2
- ReliaStar Life Insurance Company of New York*1,2
- Voya Retirement Insurance and Annuity Company*1
- Venerable Insurance and Annuity Company
Except for Venerable Insurance and Annuity Company , each of these insurance companies are members of the Voya Financial, Inc. family of insurance companies . Voya provides administrative services in relation to certain life insurance policies and annuity contracts issued by Venerable. Voya and Venerable are not otherwise affiliated. For additional information about the Voya life insurance companies listed above please .
1 Variable annuity products are distributed by Voya Financial Partners, LLC, , One Orange Way, Windsor, CT 06095-4774.
2 Variable universal life insurance products are distributed by Voya America Equities, Inc., member FINRA, 1290 Broadway, Denver CO 80203.
3 Venerable Insurance and Annuity Company registered products distributed by Directed Services LLC..
Mutual Funds:
Mutual Funds are offered by Voya Investments Distributor, LLC, member FINRA/SIPC, 7337 E Doubletree Ranch Road, Scottsdale AZ 85258 992-0180
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