Category: Annuities Fraud

ATTORNEY NEWSLETTER Complicated Deferred Annuities Unsuitable For Seniors Beware of High-Pressured Sales Tactics Like “Estate Planning Seminars” “Bonuses” Are Marketing Gimmicks Insurance companies offer sales commissions as high as 10 percent to insurance agents who sell products like long-term deferred annuities to senior citizens.  In our current economic environment, agents […]

ATTORNEY NEWSLETTER Financial Advisor Embezzles $8 Million From Structured Settlement Funds Thirteen Individuals Swindled Out Of Annuity Funds Severely Disabled Child Among Victims Structured settlements operate essentially like annuities paying out an income stream from a fund of money set aside for that purpose.  Structured settlements are often  used for […]

ATTORNEY NEWSLETTER Regulators Take Closer Look Investigating Annuity Sales Practices Our litigators recommend against annuities because commissions, fees and surrender penalties reduce returns and make it expensive to get your money out if you need it. Agents may pitch you on an annuity for your retirement plan. We advise against […]

ATTORNEY NEWSLETTER Avoid The Push Toward Annuities Insurance Agents and Banks Earn Commissions on Sales America has been in a low-interest-rate economy for years and returns on Certificates of Deposit have been on the low side for some time.  Now bank rates are inching up and shaky stock and bond […]

ATTORNEY NEWSLETTER Fixed Annuities Are Not Simple Understanding How Much Interest You Earn Fixed annuities are sold by agents as safe harbors in stormy markets. Don’t buy it. Fixed annuities aren’t risk-free investment options and the rules for crediting interest under your policy likely mean you will earn much less […]

ATTORNEY NEWSLETTER Understand What An Agent Is Trying To Sell You Resist High-Pressure Sales Annuities Are Expensive, Complicated Insurance Products A recent study shows only 27% of Americans believe they will be financially secure in retirement. Insurance agents dwell on statistics like that, especially when luring older consumers into annuities. […]

ATTORNEY NEWSLETTER Seniors Targets of Financial Elder Abuse If You’re a Victim, We Can Help Unscrupulous stockbrokers, insurance agents, financial advisors and retirement planners all prey on seniors with money to invest. Seniors are natural targets as they hold 1/3 of the nation’s wealth. Seniors may also be more receptive […]

ATTORNEY NEWSLETTER Understand What An Agent Is Trying To Sell You Resist High-Pressure Sales Annuities Are Expensive, Complicated Insurance Products Based on years of litigation experience, our lawyers recommend consumers, especially senior consumers, avoid annuities and certain types of life insurance contracts, like indexed universal life insurance. Research reinforces that […]

ATTORNEY NEWSLETTER Beware the Hype Consumer Risks, Especially For Seniors Annuities Are Expensive, Complicated Insurance Products Based on years of litigation experience, our lawyers recommend consumers, especially senior consumers, avoid annuities or life insurance.  Insurance carriers, marketing groups and agents tend to reinvent the ways they sell these products over […]

ATTORNEY NEWSLETTER The Importance of Accurate Age and Income Information How Insurance Agents and Advisors May Mislead You and Carriers Our litigators think annuities are not a good investment for seniors, particularly when the application process can be rigged by an unscrupulous agent to make sure a sale goes through. […]