Category: Annuities

ATTORNEY NEWSLETTER Locked In Contracts For Years No Control Over Investments Commissions, Fees And Administrative Costs As an industry saying goes, “Annuities are sold, not bought.” Don’t be one of the people who gets sold. Deferred annuities are long-term insurance contracts which require you to lose control over your investment, […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities For Seniors Expensive To Get Out Of Contract Administration 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 […]

ATTORNEY NEWSLETTER Complicated And Expensive Contracts Costly to Exit  Investments Are Not Insured Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose significant penalties if you need your […]

ATTORNEY NEWSLETTER Long-Term Insurance Policies Are Complicated Penalties For Getting Your Money Back Commissions And Fees Diminish Returns Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come.  The concept sounds simple enough but in fact deferred […]

ATTORNEY NEWSLETTER Understand How Deferred Annuities Work Before An Agent Sells You One Penalties To Get Your Money Back Fees, Participation Rates And Caps On Returns Indexed annuities, like most deferred annuities, are long-term insurance contracts that promise to pay income in the future but impose penalties, known as surrender […]

ATTORNEY NEWSLETTER Pitfalls For Older Consumers Complicated, 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 […]

ATTORNEY NEWSLETTER Complex Contracts With High Fees  Withdrawal Penalties For Getting Your Money Back Lack Of Transparency On Interest Crediting And Other Features 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 […]

ATTORNEY NEWSLETTER Income Riders Are Costly Income Rider Benefits Are Rarely Realized Other Deferred Annuity Downsides For Older Consumers Life insurance agents often encourage older consumers to purchase lifetime “income riders” for deferred annuity contracts.  These “riders” are attachments to the policy and an annual additional fee is charged by […]

ATTORNEY NEWSLETTER Contract Expenses And Fees Withdrawal Penalties Make Exiting Contracts Costly Not FDIC Insured Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose significant penalties if you […]

ATTORNEY NEWSLETTER Money In Deferred Annuities Is Illiquid Loss Of Personal Control Over Investment Don’t Be Rushed Into A Sale Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  If you try to exit the […]