Category: Annuities

ATTORNEY NEWSLETTER What Seniors Need To Know Do Not Be Pushed Into An Annuity Watch Out For Surrender Charges If you are a senior, someone may offer to sell you an annuity. Agents may be aggressive in sales tactics and try to pressure you.  Do not allow yourself to be […]

ATTORNEY NEWSLETTER Beware High-Pressure Sales Tactics Beware High Surrender Charges Beware Agents Urging You To Switch Annuities Sales of unsuitable insurance products to seniors by insurance carriers and agents may constitute financial elder abuse under Cal. Welf. & Inst. Code § 15610.30 and violations of the California Insurance Code. See, […]

ATTORNEY NEWSLETTER Disadvantages For Older Consumers Especially Limitations On Returns And Accumulated Fees Getting Out Of An Annuity Is Expensive Evans Law Firm, Inc. recommends that seniors avoid deferred annuities because over the years we have seen many older consumers lose money on deferred annuities as the result of high […]

ATTORNEY NEWSLETTER Understand The Inherent Risks In Annuities Contracts Are Complicated And Expensive Withdrawals And Surrenders Are Costly Evans Law Firm, Inc. recommends against deferred annuities, including fixed indexed annuities, for older consumers based on what we have seen in our litigation experience: sales commissions and annual fees on these […]

ATTORNEY NEWSLETTER Annuities Are Complex And Expensive Your Upside Is Limited Expenses Add Up Evans Law Firm, Inc. recommends against deferred annuities, including fixed indexed annuities, for older consumers based on what we have seen in our litigation experience: sales commissions and annual fees on these policies are high; the […]

ATTORNEY NEWSLETTER Understanding How Deferred Annuities Work High Fees And Low Returns Years Of Withdrawal Penalties An annuity is a contract between you and an insurance company. With a deferred annuity, you pay for the annuity through a lump sum or multiple premium payments, and the company promises to pay you […]

ATTORNEY NEWSLETTER Not The Same As Index Fund Investments High Sales Commissions, Fees And Withdrawal Penalties Annuities Are Not Insure Investments Whenever an insurance agent approaches you with a deferred annuity, like an indexed annuity dig a little deeper to understand how these indexed annuities operate in real life. Indexed […]

ATTORNEY NEWSLETTER Looking Through The Sales Hype Fixed Indexed Annuities Are Costly And Complex Replacing Existing Policies Can Be A Big Mistake Agents sell fixed indexed annuities as a “safe” investment in times of market volatility.  Evans Law Firm, Inc. recommends against deferred annuities, including fixed indexed annuities, for older […]

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 […]