Category: Elder Abuse California

ATTORNEY NEWSLETTER Life Insurance Churning Millions of older Americans have whole life insurance policies with accumulated cash value. Typically, they were sold those policies when they were much younger as a tax deferred savings vehicle, passing the accumulation on to their children when they died.  Some insurance agents spot these […]

ATTORNEY NEWSLETTER Government Agencies and the Fiduciary Rule Putting You First Last year, the Department of Labor (DOL) announced its fiduciary rule which applies primarily to retirement investment advisors; the rule requires your advisor to put your interests first when it comes to certain retirement savings recommendations. Recently, the Securities […]

ATTORNEY NEWSLETTER Whole and Universal Life Insurance Whole and Universal (a mix of whole and term) life insurance policies are sold by agents as tax-deferred savings vehicles. Often the sales pitch to younger consumers is for retirement or education savings.  For seniors, the pitch includes retirement savings and death benefits […]

ATTORNEY NEWSLETTER Illegal Churning of Accounts Securities Fraud and Financial Elder Abuse A recent Southern California case of stockbroker churning reveals the seriousness of allegations of broker misconduct, especially when the misconduct targets seniors. Churning means excessive trading by a broker in a client’s account largely to generate commissions. Stock […]

ATTORNEY NEWSLETTER Understanding Immediate Annuities An immediate annuity is an insurance contract where the policyholder makes a single lump-sum payment and then begins receiving back almost immediately regular income payments. Imagine, for example, you’re over 60 and sell your home and decide to put some or all of the proceeds […]

ATTORNEY NEWSLETTER Caregiving Gone Wrong: Caregiver Fraud A silver picture frame is missing, a gold bracelet is gone, a new cellphone can’t be found, a bank account hemorrhages cash. Talk to anyone who’s hired a caregiver for an older loved one, and theft is almost always a major worry. Bringing […]

ATTORNEY NEWSLETTER Be Wary of Annuity Sales Presentations Have you ever returned to your car in a shopping center parking lot to find a flyer on your windshield inviting you to a free lunch and estate planning seminar? Such tactics are often used by insurance agents to lure seniors especially […]

ATTORNEY NEWSLETTER Financial Elder Abuse Over this past weekend the U.S. Department of Justice (DOJ) announced the largest coordinated sweep of elder abuse fraudsters in history. More than 250 defendants around the world were identified as victimizing millions of American seniors. The cases filed against the wrongdoers include criminal, civil […]

ATTORNEY NEWSLETTER Long-Term Care Insurance Claims Long-Term Care Insurance has always been sold by agents to help you pay for care when, later in life, you are unable to take care of yourself. Insureds trusted the policies would cover the costs of assisted living care, skilled nursing facilities, and in-home […]

ATTORNEY NEWSLETTER Transamerica Life Insurance Company Variable Annuities The annuity attorneys at Evans Law Firm Inc. represent clients who have suffered losses from surrenders and fees on all types of annuity contracts, including fixed, indexed, and variable deferred annuities. These contracts charge sales commissions, rider fees and other benefit charges, […]