Krause Brokerage Services LLC v. American Century Life Insurance Company

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF WISCONSIN KRAUSE BROKERAGE SERVICES, LLC, Plaintiff, v. Case No. 23-CV-1574 AMERICAN CENTURY LIFE INSURANCE COMPANY, Defendant. DECISION AND ORDER 1. Background A Medicaid Compliant Annuity is a complicated insurance product that provides an annuitant with income while preserving Medicaid eligibility. (ECF Nos. 36, ¶ 8; 43, ¶¶ 3-14.) In 2021, American Century Life Insurance Company began to explore selling this type of annuity. (ECF No. 36, ¶ 11.) American Century’s president, Raz Silberman, contacted the founder of Krause Brokerage Services,…