Category: Annuities

ATTORNEY NEWSLETTER Complicated And Costly Insurance Policies Penalties For Getting Your Money Back Unfavorable Interest Crediting Formulas Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid. The contracts are illiquid because […]

ATTORNEY NEWSLETTER Disadvantages For Seniors Policies Are Expensive And Complicated Withdrawals Penalties, Commissions And Fees Deferred annuities are extremely complicated insurance contracts sometimes running to 50-100 pages of technical language and actuarial tables. Seniors are often targeted by insurance agents with proposals for deferred annuities.  Evans Law Firm, Inc. generally recommends […]

ATTORNEY NEWSLETTER Complex Contracts With Penalties To Exit Sales Commissions And Fees Erode Returns Unfavorable Interest Crediting Formulas Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid. The contracts are illiquid […]

ATTORNEY NEWSLETTER Fixed And Indexed Annuities Disadvantages For Seniors Surrender Penalties And Fees Deferred annuities are marketed in a variety of different product names by numerous life insurance carriers. The two primary types are fixed and indexed contracts, with many blends of both the “fixed” and “indexed” characteristics in between.  […]

ATTORNEY NEWSLETTER Disadvantages For Older Consumers Costly, Complex Contracts Withdrawals Penalties, Commissions And Fees Deferred annuities are extremely complicated insurance contracts sometimes running to 50-100 pages of technical language and actuarial tables. Seniors are often targeted by insurance agents with proposals for deferred annuities.  Evans Law Firm, Inc. generally recommends against […]

ATTORNEY NEWSLETTER Disadvantages For Older Consumers Expensive And Illiquid Contracts Limits On Returns Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency, and are illiquid (meaning it is costly to get your money back). […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities For Seniors Getting Out Of A Contract Is Expensive Sales Commissions, Fees, Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, […]

ATTORNEY NEWSLETTER Disadvantages O For Seniors Exiting Contracts Is Costly Sales Commissions, Fees, Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, like most deferred annuities, impose […]

ATTORNEY NEWSLETTER Complicated Contracts Difficult To Understand Costly To Exit Due To Surrender Penalties Returns Diminished By Fees And Caps Seniors are often targeted by insurance agents with proposals for deferred annuities as vehicles for retirement income. Deferred annuities are insurance products and are not like direct investments in mutual […]

ATTORNEY NEWSLETTER Low Returns And High Fees Withdrawal Penalties Last For Years Unfavorable Interest Crediting Formulas Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid. The contracts are illiquid because during […]