Category: Deferred Annuities

ATTORNEY NEWSLETTER Getting Your Money Back Is Costly Withdrawal Penalties Lock Policyholders In To Investment Strategies Rate Of Return Can Be Very Low 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.  As an industry […]

ATTORNEY NEWSLETTER Exercise Caution Whenever An Agent Recommends An Annuity Penalties For Exiting Deferred Annuities In Early Years Returns Eroded By Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up […]

ATTORNEY NEWSLETTER Misleading Life Insurance Agent Representations California Law On “Medicaid Annuities” Other Pitfalls Of Deferred Annuities For Seniors Whenever a life insurance agent or financial advisor of any kind suggests an annuity for you, be wary, especially if you are retired or nearing retirement.  Be especially cautious if the […]

ATTORNEY NEWSLETTER Potential Problems For Seniors Exiting Contracts Is Costly Investment Returns Eroded By Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Whenever an […]

ATTORNEY NEWSLETTER Getting Your Money Back Is Expensive Interest Crediting Rules Unlike For Mutual Funds Contracts Carry Fees Seniors are often targeted by insurance agents with proposals for deferred annuities. Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in […]

ATTORNEY NEWSLETTER Deferred Annuities Are Long-Term Insurance Contracts Downsides For Seniors Include Costly Surrenders Returns Eroded By Commissions, Fees, Participation Rates And Caps Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Sellers of deferred annuities include […]

ATTORNEY NEWSLETTER Costly Withdrawals From Contracts Locked Into Investment Strategies Commissions, Fees And Caps Diminish Returns 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 annuity contract, you will […]

ATTORNEY NEWSLETTER Be Wary Of Annuities In IRA Accounts Disadvantages Of Deferred Annuities Tax deferral is an important component of retirement savings.  In IRAs, 401(k)s, SEPs and the like retirement savings grow tax-free until it’s time to withdraw without penalty after age 59 ½.   Annuity salesmen often counsel consumers to […]

ATTORNEY NEWSLETTER Money Tied Up In Deferred Annuities For Years No Control Over How Your Money Is Invested Returns Diminished By Commissions, Fees And Caps 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 […]

ATTORNEY NEWSLETTER Deferred Annuities Present Potential Problems For Seniors Exiting Deferred Annuities Is Costly Policy Returns Eroded By Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money […]