In the past several years the insurance industry has seen an increasing number of lawsuits alleging that certain deferred annuity products offering a "bonus interest" feature are unsuitable and/or that the bonus itself is illusory. A number of these cases have been certified as class actions. In a notable decision last week, however, a federal district court in Pennsylvania rejected efforts to certify either national or state-only classes of purchasers of such a product.

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