ATTORNEY NEWSLETTER
Jackson National Life Insurance Company Deferred Annuities
The annuity attorneys at Evans Law Firm Inc. represent clients over age 60 in California who have suffered losses on all types of annuity contracts, including fixed, indexed, and variable deferred annuities. Often, the policyholder suffers loss on surrender of their policy. One of the providers of these contracts in California is Jackson National Life Insurance Company (“Jackson National”). Jackson National issues fixed, indexed, and variable annuities. The Evans Law Firm annuity attorneys want to share some observations on surrender charges and other provisions under those complex products. If you or a loved one is a California resident over age 60 who made a full or partial surrender of a Jackson National annuity, call the annuity lawyers today at Evans Law Firm, Inc. (415) 441-8669 for a free evaluation of your particular policy.
Surrender Charges and Results
Fees and expenses on Jackson National annuities, similar to other carriers, include upfront sales commissions, rider fees, separate account fees on indexed policies, death benefit fees, and subaccount fees for each of the mutual funds that are inside of the annuity. In addition, you may be charged for any full or partial surrender or withdrawal from the policy for up to ten years. If you are over 60 and surrendered a Jackson National annuity in California, call Evans Law Firm Inc. today at 415-441-8669 for a free review of your particular policy.
These Jackson Financial products are complex and fees and charges may erode returns. Remember that these products are essentially illiquid for long periods – up to ten years. Sales commissions are paid out up front, however. Fees and other charges may increase over the life of the policy so that actual returns may be less than advertised. The subaccounts you elect for your annuity investment also charge fees that will diminish your return.
Contact Us
If you or a loved one is over 60 and a California resident and made a full or partial surrender of a Jackson National annuity in California, contact the Evans Law Firm for a free evaluation of your policy and surrender terms at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our attorneys have experience with complex financial contracts including life insurance and annuity contracts. We can help guide any litigation through a jury trial or toward an equitable settlement. We also handle cases involving physical and financial elder abuse, qui tam and whistleblower law, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.
