Category: Evans Law Firm

ATTORNEY NEWSLETTER FINRA Cracking Down on Faulty Annuity Replacements Cracking Down on Exploitation The Financial Industry Regulatory Authority (FINRA) is looking closely at brokers who churn their clients’ variable annuities. Recently, FINRA announced disciplinary measures against two brokers who churned client annuities.  The churns (or replacements) resulted in heavy surrender […]

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

ATTORNEY NEWSLETTER Complaints Over Hybrid Annuities What Are Hybrid Annuities? Hybrid annuities, often called buffer variable annuities or structured variable annuities, are complicated combinations of fixed and variable deferred annuities. Equity-indexed or Fixed-indexed annuities are also hybrid annuities.  Agents and issuers sell hybrids as “buffers” against market downturns with higher caps […]

ATTORNEY NEWSLETTER Rehabilitation Services Company Settles Whistleblower Case for $6 Million False Claims Act Suit Whistleblower/qui tam cases brought under the federal False Claims Act (FCA) often involve false claims for payment under government programs like Medicare and Medicaid. In a recent settlement announced by the Department of Justice, a […]

ATTORNEY NEWSLETTER Abuse A Growing Crime Against Elders Elder Abuse in Nursing Homes Elder abuse has become an epidemic in this country. The number of elders being abuse is estimated at around 2.5 million every single year. Such statistics are heartbreaking and as the US population ages the figures are […]

ATTORNEY NEWSLETTER Prepare For Your Holiday Visits With Seniors Many of us will visit elderly relatives over the holidays. It may be a once a year trip to see parents or other elderly loved ones who live far away.  This is an important opportunity to check in.  Isolation is a […]

ATTORNEY NEWSLETTER Eighty-Seven Year Old Nun Allegedly Raped in Nursing Home Why She Couldn’t Sue In one of the most horrific stories of nursing home abuse we’ve read, an 87-year old nun maintains she was raped in a nursing home in her own bed. The physical evidence strongly corroborates her […]

ATTORNEY NEWSLETTER What Duty Does An Agent Owe You? Putting You First We at Evans Law Firm litigate the question of an insurance agent’s duty to his clients, particularly when it comes to life insurance and/or annuities. We have written on the subject in this column.  As life insurance and […]

ATTORNEY NEWSLETTER Financial Elder Abuse Often Unreported A Growing Problem Recent studies indicate that 1 in 5 seniors will become victims of financial elder abuse. The numbers are up dramatically from past research results and estimates are that financial elder abuse costs its victims a total of $36 billion in […]

ATTORNEY NEWSLETTER Let Us Review Your AXA Equitable Universal or Whole Life Policy If you or a loved one is over age 60 and a California resident who surrendered an AXA Equitable Life Insurance Company universal or whole life insurance policy you may have paid a surrender penalty. California requires […]