Category: Annuities Fraud

ATTORNEY NEWSLETTER Contract Expenses And Fees Withdrawal Penalties Make Exiting Contracts Costly Not FDIC Insured Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose significant penalties if you […]

ATTORNEY NEWSLETTER Money In Deferred Annuities Is Illiquid Loss Of Personal Control Over Investment Don’t Be Rushed Into A Sale Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  If you try to exit the […]

ATTORNEY NEWSLETTER Downsides Of Deferred Annuities Surrender Penalties Lock Policyholders In Other Contract Features Diminish Returns Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Whenever a life insurance agent […]

ATTORNEY NEWSLETTER Never Be Rushed Into A Sale Complicated, Illiquid Insurance Contracts Understand The Disadvantages Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency, and are illiquid (meaning it is costly to get your […]

ATTORNEY NEWSLETTER Long-Term Insurance Contracts Costly Surrenders Commissions, Fees, Participation Rates And Caps Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Sellers of deferred annuities include insurance agents, and all manner of financial advisors including advisors […]

ATTORNEY NEWSLETTER Older Consumers Should Be Wary Of Deferred Annuities Loss Of Investment Control Surrender Penalties, Fees, Participation Rates, And Caps Evans Law Firm, Inc. generally recommends older consumers avoid deferred annuities because they are expensive and complicated and because these contracts tie up a senior’s money for years.  Whenever […]

ATTORNEY NEWSLETTER Surrender Charges If You Need Your Money Back Contract Fees And Caps On Returns Never Be Rushed Into A Sale Indexed annuities, like most deferred annuities, are long-term insurance contracts that promise to pay income in the future but impose penalties, known as surrender charges, if you need […]

ATTORNEY NEWSLETTER Avoid The Hype About Annuities Exiting Annuity Contracts Is Costly Policy Fees And Low Rates Of Return Life insurance agents often use market volatility as a selling point for deferred annuities for retirement income planning.  Be careful when you hear that pitch. Deferred annuities are long-term insurance contracts […]

ATTORNEY NEWSLETTER Fixed And Fixed Indexed Annuities Are Complex Insurance Policies Not Fund Investments Do Not Be Rushed Into A Sale Market volatility and market jitters are often talking points when life insurance agents propose the “safety” of fixed and fixed indexed annuities.  Don’t buy it, because that is not […]

ATTORNEY NEWSLETTER Potential Problems For Seniors Costly Exits From Policies Pay Attention To Fees, Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, like most deferred annuities, […]