Category: financial elder abuse

Surrender Charges: The Unlikely and Often Unnoticed Aspect of Annuities Annuities Annuities are being sold in unbelievable numbers these days, as insurance companies and agents convince individuals it makes sense to put their money in some sort of insurance “investment.” Yet, annuities contain many severe disadvantages to the consumer, such […]

Problems with Variable Annuities Are Variable Annuities Right for You? Retirement planning discussions these days often touch on annuities. Whether it’s a salesman’s pitch or a co-worker’s tip, you’ve likely heard of variable annuities. For decades, variable annuities were the darling of those who peddled retirement plans. No portfolio was […]

Financial Elder Abuse Goes Beyond Bank Accounts The Reach of Financial Elder Abuse. Seniors are not the only victims when financial elder abuse strikes. A recent look at the epidemic of elder abuse indicates that the more we study the painful truth of financial elder abuse, the more we learn […]

Friends Or Foes: Studies In Financial Elder Abuse May Show Fluidity Financial Elder Abuse Studies are showing that just around 1 in 5 elders from San Francisco County and beyond are losing funds due to financial elder abuse, a crime that is seemingly running rampant across the country. One recent […]

Imposter Scams Now America’s #1 Fraud Imposter Fraud Targets Elderly Imposter scams have become the leading fraud in America. The Federal Trade Commission tallies up the number and type of consumer fraud complaints and reported more than 3 million claims of imposter schemes in 2016 alone! And the financial toll […]

Seniors Scammed By Annuities Annuity Fraud As seniors in our communities of Santa Clara and elsewhere age, we find that their abilities to sniff out scam artists and their tactics becomes more difficult. This is particularly true when it comes to the purchase of annuities. We have found that sometimes […]

The Financial Elder Abuse Epidemic Financial Elder Abuse Sadly, financial elder abuse is only spreading and infecting individuals at terrifying rates, throughout San Francisco County and beyond. A recent study shows that somewhere around 3.2 million Americans were victims of financial elder abuse last year alone, with the average victim […]

Are Indexed Universal Life Policies Investments? Life Insurance and Retirement Savings Since they were created in the 1980’s, indexed universal life policies (IULs) have been the wunderkind of the life insurance industry. Agents tout them as great investments for the future; detractors see them as pitfalls for the unwary. Late […]

Prudential Annuities: The Bad, The Bad, And The Bad Annuities Let’s face it: annuities are really insurance contracts masquerading as investments. So often, individuals regret buying annuities once they have. Why do they continue to be popular in the face of widespread disappointment in results? Partly because insurance companies and […]

The Problems Associated With Indexed Universal Life Insurance (IUL) Indexed Universal Life Insurance (IUL) As individuals age, their mind often wanders to how they will pay the bills after they retire. An option often presented to them by or insurance agents or companies is an indexed universal life insurance policy, […]