Yearly Archives: 2016

ATTORNEY NEWSLETTER Unlicensed Insurance Brokers Our Santa Clara annuity fraud attorneys can tell you that seniors are already at risk when dealing with licensed brokers. High commissions, surrender penalties, hidden costs and fees: there are any number of dangers even when buying an annuity from the “safe” sources. However, the […]

In 2016, New York Life Insurance was sued by employees who claimed that they were charged excessive 401(k) fees. The plaintiffs who filed suit alleged New York Life was enriched by unjust fees and expenses because plan managers of 401(k) plans failed to invest in lower-cost funds — a decision […]

Northwestern Mutual offers a variety of whole life insurance policies including 65 Life, 90 Life and Limited Pay Life. The insurer promises you will only pay premiums until age 65 or 90, respectively, with the first two of its whole life policies.

The purchase of whole life insurance is a popular investment option. State Farm Life Insurance Co. is one of the largest insurers offering consumers the chance to buy a whole life insurance policy with a death benefit and an investment component. For those interested in purchasing coverage, State Farm offers […]

ATTORNEY NEWSLETTER Do Whole Life Polices Cost Consumers More than they Make? Whole Life insurance is one of the two main categories of Life Insurance, the other being Term. Whole life and Term Life are exactly what they wound like: the latter is only in effect for a set time […]

ATTORNEY NEWSLETTER The Effect of Arbitration Clauses on consumer Protection The rise of arbitration clauses over the last few decades has meant two different things to two different parties: for corporate attorneys, arbitration clauses allow them to circumvent the long, arduous, and costly process of a civil trial. By consolidating […]

ATTORNEY NEWSLETTER Healthcare Providers and Whistleblowers Numerous cases in recent years have shown the power of whistleblowers to expose corruption, fraud, and misconduct. In the United State, the government has recognized the value of whistleblowers for a long time, and has passed laws enabling and protecting them going back a […]

ATTORNEY NEWSLETTER FINRA Ban’s a Broker for Improper Variable Annuity Sales FINRA, the financial Industry Regulatory Authority, is meant to help keep investors safe in the market for financial products. While many of their high-profile actions involve fines and corrections against major companies, they are also empowered to take actions […]

ATTORNEY NEWSLETTER Why Do Annuities Have a Bad Reputation? If you’ve been looking into an annuity, it’s almost certain you’ve come across a lot of sources warning you away. Why is that? On the surface, an annuity can make sense: purchasing an annuity now can save money on taxes, provide […]

ATTORNEY NEWSLETTER A Flawed Premise: Insurance as Investment What is Universal Life Insurance? Universal life insurance, and especially indexed universal life insurance, is one of the fasting growing segments of the life insurance market. As sales of traditional life insurance slow, something about indexed universal life insurance keeps it a […]