An Upper West Side man with dementia leapt to his death this summer — partially severing his foot along the way — after being convinced by a trio of financial advisors to buy $2 million worth of annuities he’d never be able to recoup, his widow said in a lawsuit.
But between 2019 and 2023, the three brokers — Michelle Lister, Ronald Heywood and Michael Venable — sold Jacobson four different annuities at about $500,000 each starting when he was 79 — none with any death benefits, the suit claimed.Joan Jacobson said her husband was not mentally capable of entering into a binding contract, such as those needed to purchase $2 million worth of annuities.
Model, 27, guns down husband, 34, inside luxury oceanfront Fla. condo in gory apparent murder-suicide: cops Former GOP rep rips Joe Scarborough, Mika Brzezinski on MSNBC for meeting with Trump: 'You can't do that'Joan Jacobson is suing Lister, Heywood, Venable, USAA Life Insurance Company, New York Life Insurance and Annuity, Charles Schwab, Fidelity and Massachusetts Mutual Life.