Category: Annuities

ATTORNEY NEWSLETTER Lincoln National OptiBlend® 10 Fixed Indexed Annuities The Lincoln National Life Insurance Company, part of Lincoln Financial Group, issues fixed indexed annuities in California, New Jersey, New York, Pennsylvania, and throughout the United States under the trade name Lincoln National OptiBlend® 10 Fixed Indexed Annuities.  These contracts, like […]

ATTORNEY NEWSLETTER Fees And Penalties On Withdrawals  Expensive Policy Riders And Other Complications Not Insured Investments Like CDs Like many financial products and certain forms of life insurance, annuities are complex and come in multiple forms, which makes them difficult to define with one broad stroke.  Deferred annuities are contracts […]

ATTORNEY NEWSLETTER Understand Penalties On Withdrawals  Fees And Other Hidden Costs Beware High-Pressure Sales Tactics “Our older citizens, understandably concerned with rising living and medical costs and even pension uncertainties, are being targeted by unscrupulous financial predators,” said a top State securities regulator recently.  The regulator has brought a string […]

ATTORNEY NEWSLETTER Always Get A Second Opinion First  Fees And Withdrawal Penalties Deceptive Sales Tactics The basic premise of a deferred annuity is this: you pay a premium to an insurance carrier now for an income stream to be paid to you many years in the future. But deferred annuity […]

ATTORNEY NEWSLETTER Be Wary Of Certain Kinds Of Sales Presentations  Understand The Fees And Withdrawal Penalties Avoid Replacement Transactions Deferred annuities are complicated insurance policies with characteristics of life insurance and complex securities investments; contracts run from 50 to 100 pages or more and are filled with technical language and […]

ATTORNEY NEWSLETTER Long-Term Insurance Policies With Withdrawal Penalties Annual Fees Erode Returns Exchanging Existing Contracts Can Be Costly 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 […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complicated, Long-Term Insurance Policies Commissions, Fees And Surrender Penalties Erode Returns Replacements And Exchanges Of Contracts Can Be Costly 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 […]

ATTORNEY NEWSLETTER Nationwide Life and Annuity Insurance Company Annuities Nationwide’s New Heights© and High Point© Products Nationwide Life and Annuity Insurance Company, part of the Nationwide Mutual Insurance Group, issues fixed indexed annuities in California under the trade names Nationwide New Heights©, Nationwide High Point 365 ©, and Nationwide High […]

ATTORNEY NEWSLETTER Many California teachers invest in annuities to supplement their retirement income. Insurance agents often attempt to sell teachers annuities because insurance laws in California allow agents to solicit payroll deferrals directly from individual teachers. These payroll deferral arrangements are commonly called “403(b) plans.” Agents tend to promote annuities […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complex Products What To Watch For Avoid Replacements And Exchanges Deferred annuities are complicated investments.  Some bear complex qualities of both life insurance and securities products; contracts run from 50 to 100 pages or more and are filled with technical language and actuarial tables. Insurance agents […]