Category: Deferred Annuities

ATTORNEY NEWSLETTER Annuities Are Complex And Expensive Your Upside Is Limited Expenses Add Up Evans Law Firm, Inc. recommends against deferred annuities, including fixed indexed annuities, for older consumers based on what we have seen in our litigation experience: sales commissions and annual fees on these policies are high; the […]

ATTORNEY NEWSLETTER Understanding How Deferred Annuities Work High Fees And Low Returns Years Of Withdrawal Penalties An annuity is a contract between you and an insurance company. With a deferred annuity, you pay for the annuity through a lump sum or multiple premium payments, and the company promises to pay you […]

ATTORNEY NEWSLETTER Not The Same As Index Fund Investments High Sales Commissions, Fees And Withdrawal Penalties Annuities Are Not Insure Investments Whenever an insurance agent approaches you with a deferred annuity, like an indexed annuity dig a little deeper to understand how these indexed annuities operate in real life. Indexed […]

ATTORNEY NEWSLETTER Questionable Annuity Sales Tactics Targeting Seniors Sales Of Unsuitable Annuities To Seniors As Financial Elder Abuse Economic Loss From Exchange Or Replacement Transactions Insurance agents sell all insurance products for commissions.  Obviously, some forms of insurance, like health insurance and homeowner’s insurance are essential, but unsuitable insurance products […]

ATTORNEY NEWSLETTER The Adverse Impact Of Certain Annuities Fees And Zero Returns In Rising Markets Penalties On Exiting Policies Annuities are complicated investments. Some bear complex qualities of both insurance and securities products. Annuities can be structured as deferred or immediate.  Deferred annuities can be variable or fixed, or a […]

ATTORNEY NEWSLETTER Looking Through The Sales Hype Fixed Indexed Annuities Are Costly And Complex Replacing Existing Policies Can Be A Big Mistake Agents sell fixed indexed annuities as a “safe” investment in times of market volatility.  Evans Law Firm, Inc. recommends against deferred annuities, including fixed indexed annuities, for older […]

ATTORNEY NEWSLETTER Resist Fear Tactics Used To Sell Annuities Sales Commissions Drive The Annuity Industry Consider Other Tax-Deferred Strategies Deferring taxes on retirement savings is a key part of any retirements planning. Tax deferrals can be achieved through direct investment of IRAs or 401ks in mutual funds or ETFs. We […]

ATTORNEY NEWSLETTER Understand The Costs And Complexity Of Universal Life Insurance Premium Payments Continue Until Death Investment Risks And Caps On Growth Indexed Universal Life Insurance is a complicated life insurance product often sold by insurance agents as a retirement savings or estate planning investment. Agents sell universal life policies […]

ATTORNEY NEWSLETTER Annuities Are Complicated Insurance Policies  Disadvantages For Seniors Understand How Annuities Work Before You Are Sold One Evans Law Firm, Inc. recommends seniors avoid deferred annuities because these insurance contracts are costly and complicated and expensive to get out of once you are in one.  Tax deferrals can […]

ATTORNEY NEWSLETTER Annuities Are Expensive, Complicated Insurance Policies  Agents Earn High Commissions On Your Premium Dollars Surrender Penalties Make Getting Out Costly Fear tactics are one way insurance agents use to sell annuities. Print and radio ads may warn senior readers or audiences about the perils of the stock market […]