Category: Annuities

ATTORNEY NEWSLETTER Resist Fear Tactics Used To Sell Annuities Sales Commissions Drive The Annuity Industry Consider Other Tax-Deferred Strategies Deferring taxes on retirement savings is a key part of any retirements planning. Tax deferrals can be achieved through direct investment of IRAs or 401ks in mutual funds or ETFs. We […]

ATTORNEY NEWSLETTER Annuities Are Complicated Insurance Policies  Disadvantages For Seniors Understand How Annuities Work Before You Are Sold One Evans Law Firm, Inc. recommends seniors avoid deferred annuities because these insurance contracts are costly and complicated and expensive to get out of once you are in one.  Tax deferrals can […]

ATTORNEY NEWSLETTER Disadvantages of Deferred Annuities High Pressure Sales And Other Questionable Practices Replacements And Exchanges Particularly Disadvantageous Deferred annuities present real, potential problems for seniors through contract costs and especially the surrender penalties incurred when the policyholder wants to take his or her money out. When selling annuities to […]

ATTORNEY NEWSLETTER Taking A Closer Look At Deferred Annuities Avoid High Pressure Sales Dangers Of Exchanging Or Replacing Policies Evans Law Firm, Inc. recommend against deferred annuities for older consumers because the commissions and fees are high, returns rarely meet expectations, and the contracts tie up your money for years.  […]

ATTORNEY NEWSLETTER Dangers For Seniors Questionable Sales Tactics And Inadequate Disclosures Replacement Transactions Can Be Costly Financial elder abuse includes the sale to seniors of unsuitable insurance products.  These unsuitable insurance products include deferred annuities, complex contracts with high fees and significant penalties, known as surrender charges, if you need […]

ATTORNEY NEWSLETTER Buffer Annuities Are A Type of Variable Annuity Similarities To Indexed Annuities Caps And Participation Rates Limit Returns All deferred annuities are complex insurance products, and we recommend against them for senior consumers particularly.  Deferred annuities are sold by agents in three general categories: fixed, indexed, and variable.  […]

ATTORNEY NEWSLETTER Seniors And Fixed Indexed Annuities High Commissions, Fees, And Surrender Penalties Policy Exchanges As Taxable Events Deferred annuities are complex insurance products.  Carriers that issue the products pay handsome sales commissions to the agents who sell the products to consumers.  With old consumers especially, an agent may propose […]

ATTORNEY NEWSLETTER Reading Between The Lines On Complex Contracts Return Calculations, Caps, Fees, And Penalties Research Before You Buy The Santa Clara financial elder abuse attorneys at Evans Law Firm, Inc. advise against deferred annuities for senior consumers because our litigators have seen too many older persons economically harmed by […]

ATTORNEY NEWSLETTER Financial Elder Abuse In Insurance Sales Sales Tactics And Insurance Contracts As Forms Of Financial Elder Abuse Disastrous Replacement Transactions Financial elder abuse comes in various forms and from different sources.  One of the most pernicious and financially disastrous can be in the form of unsuitable insurance products, […]

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 […]