Category: Annuities

ATTORNEY NEWSLETTER Annuities are Long-Term Insurance Policies Do Not Be Rushed Into An Annuity Commissions, Fees And Surrender Charges Our lawyers recommend avoiding annuities of any kind, especially for seniors, because sales commissions are high, policies tie up your money for many years, and returns are routinely not as high […]

ATTORNEY NEWSLETTER Interest Rates On Fixed Annuities Plummeting  Do Not Be Rushed Into A Fixed Annuity Understanding Rates Of Return On Annuities Whenever the Dow drops, insurance agents push annuities as “safe” retirement investments. But right now interesting rates are dropping too which means annuity carriers will pay a lower […]

ATTORNEY NEWSLETTER Interest Rates On Fixed Annuities Plummeting  Do Not Be Rushed Into A Fixed Annuity Insurance agents are using the big Dow drop to push the “safety” of fixed annuities just as carriers slash interest rates on those products. It’s a no-win for consumers. Our lawyers recommend avoiding annuities […]

ATTORNEY NEWSLETTER How Do Income Riders Work? Are They Worth It? Our lawyers recommend you avoid annuities, especially if you’re a senior. Be particularly wary when an agent tries to sell you annuities with “enhanced” features like income riders. Income riders, often sold as “Guaranteed Lifetime Withdrawal Benefits” or “Guaranteed […]

ATTORNEY NEWSLETTER Understanding How Fixed Annuities Work Insurance Policies Not Investments Do Not Be Rushed Into A Fixed Annuity Insurance agents are already using the big Dow drop to push the “safety of fixed annuities. Don’t buy it, because that is not the entire story. Our lawyers recommend avoiding annuities […]

ATTORNEY NEWSLETTER Dangers of Annuities in Trusts Avoiding Taxable Events Our annuity and financial elder abuse attorneys recommend against annuities for seniors in particular, because commissions, fees and surrender penalties reduce returns and make it expensive to get your money out if you need it.  Our litigators also understand the […]

ATTORNEY NEWSLETTER Verify You’ve Named The Beneficiaries You Want Outdated Beneficiary Designations Can Cause Problems Keeping beneficiary designations current on life insurance policies, annuities, bank accounts, CDs and IRAs might be one of the most important things you can do to see that your assets pass to the right persons […]

ATTORNEY NEWSLETTER Understanding How Fixed Annuities Work Insurance Policies Not Investments Fixed annuities are sold by agents as “safe” products with “guaranteed” returns. Don’t buy it, because that is not the entire story. Our lawyers recommend avoiding annuities of any kind, including fixed annuities, especially for seniors, because sales commissions […]

ATTORNEY NEWSLETTER Understanding The Details Costs, Complexities, and Withdrawal Penalties Our annuity and financial elder abuse attorneys recommend against annuities for seniors in particular, because commissions, fees and surrender penalties reduce returns and make it expensive to get your money out if you need it.  Salespeople push annuities for the […]

ATTORNEY NEWSLETTER What are Income Riders? Are They Worth The Annual Fee? Understanding the “Phantom Account” of an Income Rider Our lawyers recommend you avoid annuities and life insurance, especially if you are a senior. Also, be particularly wary when an agent tries to sell you policies with “enhanced” features […]