Category: Annuities

ATTORNEY NEWSLETTER Annuity Fraud: A Widespread Problem Beware of Annuity Fraud Scams Annuity agents target seniors. It’s a simple fact. Another simple fact: many annuity agents cannot be trusted. A recent case provides a clear example. There, over years of operation, two fraudulent agents bilked seniors out of $11 million […]

ATTORNEY NEWSLETTER Universal Life Insurance Premiums Increase Dramatically Universal Life Insurance (IUL) Universal life insurance premiums are on the dramatic rise, and it forces individuals to decide whether to keep the insurance in effect. If you have had a recent premium increase on a universal life insurance policy and want […]

ATTORNEY NEWSLETTER And The Numbers Are In… Annuities Annuities, in our opinion, are outdated and unsound investments. According to a recent article, it is possible that investors agree with our reasoning as well, as annuity sales in the fourth quarter have dropped 17% as compared to the year before. This […]

California Law Prohibits Cross-Selling of Reverse Mortgages and Annuities Beware of Pressure Tactics Seniors in Alameda and Marin County and throughout the State of California are often approached to take out reverse mortgages on their homes. Often, these individuals have substantial equity and significant appreciation in home value but reduced […]

Surrender Charges: The Unlikely and Often Unnoticed Aspect of Annuities Annuities Annuities are being sold in unbelievable numbers these days, as insurance companies and agents convince individuals it makes sense to put their money in some sort of insurance “investment.” Yet, annuities contain many severe disadvantages to the consumer, such […]

Problems with Variable Annuities Are Variable Annuities Right for You? Retirement planning discussions these days often touch on annuities. Whether it’s a salesman’s pitch or a co-worker’s tip, you’ve likely heard of variable annuities. For decades, variable annuities were the darling of those who peddled retirement plans. No portfolio was […]

Seniors Scammed By Annuities Annuity Fraud As seniors in our communities of Santa Clara and elsewhere age, we find that their abilities to sniff out scam artists and their tactics becomes more difficult. This is particularly true when it comes to the purchase of annuities. We have found that sometimes […]

Are Indexed Universal Life Policies Investments? Life Insurance and Retirement Savings Since they were created in the 1980’s, indexed universal life policies (IULs) have been the wunderkind of the life insurance industry. Agents tout them as great investments for the future; detractors see them as pitfalls for the unwary. Late […]

Prudential Annuities: The Bad, The Bad, And The Bad Annuities Let’s face it: annuities are really insurance contracts masquerading as investments. So often, individuals regret buying annuities once they have. Why do they continue to be popular in the face of widespread disappointment in results? Partly because insurance companies and […]

The Problems Associated With Indexed Universal Life Insurance (IUL) Indexed Universal Life Insurance (IUL) As individuals age, their mind often wanders to how they will pay the bills after they retire. An option often presented to them by or insurance agents or companies is an indexed universal life insurance policy, […]