Category: Evans Law Firm

Consumers Should Carefully Review Annuity and Insurance Purchases from Aviva Life Insurance ATTORNEY NEWSLETTER Although insurance agents and companies often pitch the benefits of deferred annuities, it is important for senior citizens and other consumers to also know the risks involved in purchasing an annuity policy. Annuity companies and their […]

Banner and William Penn Raise Cost of Insurance Charges on Universal Life Insurance Products ATTORNEY NEWSLETTER California insurance fraud attorneys warn that consumers with universal life plans through Banner or William Penn should be aware that their cost of insurance (COI) rates may be increasing. As of August 1, Banner […]

ATTORNEY NEWSLETTER Consumers should be aware that insurance companies can raise the Cost of Insurance (COI) rates on non-guaranteed life insurance products, resulting in higher monthly policy charges. When there is a change in expectations as to future experience, insurance companies can increase the current COI rates to no greater […]

ATTORNEY NEWSLETTER Seniors lose an estimated $36.5 billion annually nationwide to elder abuse, according to a recent report from San Francisco-based True Link Financial. In any given five-year period, 37 percent of the elderly population is affected by financial elder abuse. Financial elder abuse is widespread but among the most […]

ATTORNEY NEWSLETTER Although insurance agents and companies often pitch the benefits of deferred annuities, it is important for consumers, particularly elderly consumers, to be aware of the risks as well. First, consumers should be aware of some of the marketing and sales schemes used to sell annuities. If you have […]

ATTORNEY NEWSLETTER The Securities and Exchange Commission issued guidance this week regarding their whistleblower protections. This reinforced their stance that whistleblowers are protected against retaliation even if they report internally within their company, rather than to the agency, first. The Dodd-Frank Act, which created the SEC whistleblower program, had whistleblower […]

ATTORNEY NEWSLETTER Thanks to whistleblower George Karadsheh, a doctor who was improperly giving patients chemotherapy was stopped. Dr. Farid Fata, a Michigan doctor, was recently sentenced to 45 years in jail. According to prosecutors, Fata mistreated over 500 patients. In some cases, he was administering chemotherapy to people who did […]

ATTORNEY NEWSLETTER A Financial Industry Regulatory Authority (FINRA) arbitration panel recently ordered Morgan Stanley to pay $2.4 million to a group of physicians and their family members. The physicians had accused former Morgan Stanley broker Steven Mark Wyatt of unauthorized and excessive stock-market trading. According to the lawyer for the […]

ATTORNEY NEWSLETTER Consumers purchasing annuities or indexed universal life insurance policies should carefully review the policy, and research the risks involved in purchasing this type of investment. Aviva USA, and its parent company, Athene USA, is one of the biggest providers of annuities and life insurance products, including Indexed Universal […]

ATTORNEY NEWSLETTER It is recommended that consumers carefully review any policy and consider their options before purchasing any annuity policy. Annuities are complex products that often have hidden fees and costs, and may not be suitable for all investors, particularly senior citizens. Annuities often have surrender charges, making it difficult […]