Category: Evans Law Firm

ATTORNEY NEWSLETTER What Are Powers of Attorney? A Power of Attorney (POA) is a very important legal document where the principal authorizes an agent to act on the principal’s behalf. The authority of the agent ends either when the principal revokes their authority, or on the death of the principal. […]

ATTORNEY NEWSLETTER Whistleblower Prevails Against Corporation Many California whistleblower/qui tam cases are brought under the False Claims Act when the whistleblower (also known as a “relator”) has information of false claims being made for government payments or reimbursements. In order to dissuade whistleblowers from bringing such enforcement actions, corporations often […]

ATTORNEY NEWSLETTER Transamerica Life Insurance Company Variable Annuities The California 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 […]

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 Securities and Exchange Commission Whistleblower Awards Last year alone the Securities and Exchange Commission (SEC) received over 4400 tips about securities fraud from whistleblowers and other complainants. During the course of 2017, the SEC awarded nearly $50 million in whistleblower awards to individuals with new information leading to […]

ATTORNEY NEWSLETTER Beware the Sales Push on Indexed Universal Life Insurance Life Insurance and Retirement Savings Indexed universal life insurance policies (IULs) have been around for years. The sales pitch is always better, tax-deferred, returns on investment.  Some insurance carriers are shifting focus entirely from indexed annuities to IULs as […]

ATTORNEY NEWSLETTER FINRA Cracking Down on Faulty Annuity Replacements Cracking Down on Exploitation The Financial Industry Regulatory Authority (FINRA) is the independent authority that governs the nation’s financial industry, including the sale of annuities to American consumers. Lately, FINRA has begun to look closely at brokers who churn their clients’ […]

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 Government Announces Record Whistleblower Awards Recently, two government agencies reported record whistleblower awards to be paid out on two separate cases.[1]  In the first, the Securities and Exchange Commission (SEC) reported that two whistleblowers would receive a combined $61 million in awards.  The SEC’s previous record was a […]