Category: Annuities

ATTORNEY NEWSLETTER Understanding and Preventing Elder Abuse It’s becoming increasingly apparent that financial elder abuse is a serious concern not only to seniors and their families, but to society at large. A new study by Metlife suggests that financial abuse costs elders almost $3 Billion every year. This money is […]

ATTORNEY NEWSLETTER Allianz Life Insurance reports record profits in 2015 The Background The years since the Great Recession have been hard for a lot of people. Stagnant wages, lost jobs, and loss of benefits and insurance. People have had to cut unnecessary expenses out of their budgets and focus on […]

ATTORNEY NEWSLETTER Legal Issues Surrounding an Aging Population Many of the major shifts in American society in the last half century can be attributed, directly or indirectly, to the baby boomer generation. It’s been known for years that as that generation ages, it will lead to major changes in employment, […]

ATTORNEY NEWSLETTER Indexed Annuities The History of the indexed annuity To understand the growing popularity of the indexed annuity, it is essential to understand how the product developed, what it was intended to do, and what it is being used for today. Indexed annuities are annuities whose return rate is […]

ATTORNEY NEWSLETTER What Makes Annuities Sell? Annuities have become a very prominent part of the financial landscape, with large numbers of senior citizens buying them in order to secure their financial future. Looking at the details of the product, however, it’s not clear that any of the many types of […]

ATTORNEY NEWSLETTER Variable Annuities Examined in Priority by SEC for 2016, Advantage and Disadvantage The SEC (Securities and Exchange Commission) disclosed its examination priorities list for 2016. The SEC is focused on retirement investments, and especially variable annuities as a retirement product warranting attention. The insurance companies are interested in […]

ATTORNEY NEWSLETTER The Potentially Pitfalls of the Annuity There’s a lot of contention surrounding the annuity, an increasingly common financial product as the population ages. Opinions range from embracing the product to utterly disavowing it. There’s one thing that both sides of the argument can agree on: the wrong annuity […]

ATTORNEY NEWSLETTER Changing Annuities Rules May Even the Playing Field We’ve spoken a lot about the convoluted rules governing the financial products that are grouped under the name “annuities.” This moniker can cover a staggeringly wide variety of related products and categories, including deferred variable, indexed, and numerous other obscure […]

ATTORNEY NEWSLETTER The Ins and Outs of the Annuity Who’s paying for your annuity? If you own an annuity or are thinking or purchasing one, you probably know what’s supposed to happen with your money. You pay a lump sum up front, and the company you purchased it from guarantees […]

ING, Voya, Transamerica, and Others Expected to Raise Rates A new year is an opportunity to make changes. Some of us resolve to eat better, lose bad habits, or improve as a person. In contrast, it seems that some major life insurance companies have resolved to increase their revenue by […]