Category: Annuities

ATTORNEY NEWSLETTER Costly Withdrawals From Contracts Locked Into Investment Strategies Commissions, Fees And Caps Diminish Returns 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 annuity contract, you will […]

ATTORNEY NEWSLETTER Be Wary Of Annuities In IRA Accounts Disadvantages Of Deferred Annuities Tax deferral is an important component of retirement savings.  In IRAs, 401(k)s, SEPs and the like retirement savings grow tax-free until it’s time to withdraw without penalty after age 59 ½.   Annuity salesmen often counsel consumers to […]

ATTORNEY NEWSLETTER Money Tied Up In Deferred Annuities For Years No Control Over How Your Money Is Invested Returns Diminished By Commissions, Fees And Caps 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 […]

ATTORNEY NEWSLETTER Deferred Annuities Present Potential Problems For Seniors Exiting Deferred Annuities Is Costly Policy Returns Eroded By Fees, Participation Rates And Caps 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 […]

ATTORNEY NEWSLETTER Pitfalls For Seniors In Deferred Annuities Costly Exits: Surrender/Withdrawal Penalties Contract Fees, Participation Rates And Caps 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 an insurance […]

ATTORNEY NEWSLETTER Deferred Annuities Have Disadvantages For Seniors Surrender/Withdrawal Penalties Make For Costly Exits Returns Eroded By Fees, Participation Rates And Caps 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 […]

ATTORNEY NEWSLETTER Surrender Penalties On Withdrawals No Flexibility On Investments When Markets Change Commissions, Fees And Caps Diminish Returns 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 annuity […]

ATTORNEY NEWSLETTER Expensive To Get Your Money Back Loss Of Investment Control In Changing Markets Returns Eroded By Commissions, Fees And Administrative Costs 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 […]

ATTORNEY NEWSLETTER Aggressive Sales Tactics By Agents Always Review With Another Professional And Family Legal Protections For Senior Consumers 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. Deferred annuities […]

ATTORNEY NEWSLETTER Deferred Annuities Are Unsuitable Investments For Seniors Costly Penalties On Getting Your Money Back Participation Rates And Caps And Fees Lower Returns Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future.  Evans Law Firm, Inc. […]