Category: Deferred Annuities

ATTORNEY NEWSLETTER Understand The Drawbacks of Fixed Indexed Annuities Insurance Policies Not Investments Do Not Be Rushed Into A Sale The current bear market and COVID-19 economic downfall have insurance agents out pushing fixed indexed annuities as a blend of safety and upside opportunity should the market turn around. Don’t […]

ATTORNEY NEWSLETTER Understand Returns, Costs, and Penalties Resist Hard Sell Tactics Especially “Free Lunch” Seminars! Our litigators recommend against annuities for any older consumers because commissions and fees are high, returns on your money are calculated to benefit the carrier not you, and the contracts tie up your money for […]

ATTORNEY NEWSLETTER Disadvantages Of A “1035” Exchange  Consider 1035 Proposals As Red Flags Annuity Transactions And Tax Consequences Our litigators recommend against annuities, especially for seniors. If you already own an annuity, be extremely cautious whenever an agent or advisor recommends you replace or exchange it, especially if the idea […]

ATTORNEY NEWSLETTER The Downsides to Annuities for Seniors Resist Hard Sell Tactics Especially The “Free Lunch” Seminars! By some estimates, American seniors hold two-thirds of the individual wealth in the United States. Insurance agents pursue senior consumers especially with insurance products like long-term deferred annuities. Every time an agent sells […]

ATTORNEY NEWSLETTER Annuities Are Expensive, Long-Term Insurance Policies Do Not Be Rushed Into An Annuity Commissions, Fees And Surrender Charges  Our lawyers recommend avoiding annuities of any kind, especially for seniors, because sales commissions are high and policies tie up your money for many years. Right now, agents are using […]

ATTORNEY NEWSLETTER Interest Rates On Annuity Pay-Outs Hitting Record Lows Beware Teaser Rates The interest rates for annuity payouts to policyholders are reaching records lows. In a plunging interest rate environment, carriers and agents offer “teaser” rates that promise a better return than is available elsewhere, like on a CD. […]

ATTORNEY NEWSLETTER Annuities are Long-Term Insurance Policies Do Not Be Rushed Into An Annuity Commissions, Fees And Surrender Charges Our lawyers recommend avoiding annuities of any kind, especially for seniors, because sales commissions are high, policies tie up your money for many years, and returns are routinely not as high […]

ATTORNEY NEWSLETTER Interest Rates On Fixed Annuities Plummeting  Do Not Be Rushed Into A Fixed Annuity Understanding Rates Of Return On Annuities Whenever the Dow drops, insurance agents push annuities as “safe” retirement investments. But right now interesting rates are dropping too which means annuity carriers will pay a lower […]

ATTORNEY NEWSLETTER Interest Rates On Fixed Annuities Plummeting  Do Not Be Rushed Into A Fixed Annuity Insurance agents are using the big Dow drop to push the “safety” of fixed annuities just as carriers slash interest rates on those products. It’s a no-win for consumers. Our lawyers recommend avoiding annuities […]

ATTORNEY NEWSLETTER How Do Income Riders Work? Are They Worth It? Our lawyers recommend you avoid annuities, especially if you’re a senior. Be particularly wary when an agent tries to sell you annuities with “enhanced” features like income riders. Income riders, often sold as “Guaranteed Lifetime Withdrawal Benefits” or “Guaranteed […]