Category: Insurance Fraud

ATTORNEY NEWSLETTER <br> <h1> Disadvantages Of Indexed Universal Life Insurance</h1> <h2>How Seniors Can Be Harmed< h2> <h3>Don’t Be Rushed And Always Get A Second Opinion<h3> <br> Evans Law Firm, Inc. generally cautions against indexed universal life insurance and deferred annuities for senior consumers because these insurance products are expensive, complicated, […]

ATTORNEY NEWSLETTER  “Retirement Counseling” Seminars And Workshops Be Wary Of Annuity Sales Soon-to-retire federal employees in Los Angeles and Orange County and throughout California should use caution if they receive a flyer or see a poster for a “counseling session”, “workshop” or seminar advertised to give retirement counseling.  You may […]

ATTORNEY NEWSLETTER Penalties On Withdrawals And Contract Fees Complex Interest Crediting Rules Risks Of Loss Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange from an income stream in years to come.  The principal sounds simple enough but in fact deferred annuities, like fixed […]

ATTORNEY NEWSLETTER Penalties For Accessing Funds Loss Of Control Of Investment Sales Commissions And Contract Fees Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Popular talk show advisor Suze […]

ATTORNEY NEWSLETTER Aggressive Sales Tactics By Some Agents Always Review With Another Professional And Family Legal Protections For Senior Consumers Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Deferred […]

ATTORNEY NEWSLETTER Examples Of Insurance Agent Fraud And Financial Elder Abuse Many Seniors Among Victims Protecting Older Loved Ones Insurance agents and brokers serve as trusted advisors to their clients, ensuring that policyholders are adequately protected in the event of a loss.  However, on some occasions, unscrupulous agents abuse their […]

ATTORNEY NEWSLETTER  “Retirement Counseling” Sessions Be Wary Of Annuity Sales Soon-to-retire federal employees in California should use caution if they receive a flyer or see a poster for a “counseling session”, “workshop” or seminar. Also, you may just receive a flyer encouraging you to contact “retirement specialist” without any seminar […]

ATTORNEY NEWSLETTER Loss Of Control Of Investment Penalties On Withdrawals  Sales Commissions, Contract Fees And Low Returns Deferred annuities are complex, long-term insurance products which are not generally suitable for older consumers.  Evans Law Firm, Inc. recommends against certain types of deferred annuities, such as fixed indexed annuities, for older […]

ATTORNEY NEWSLETTER Surrender Penalties And Illiquidity Locked In To Investment Strategies Sales Commissions, Annual Fees And Low Returns Fixed indexed annuities (FIAs) and other deferred annuities are long-term, complex insurance policies which require you to lose control over your investment.  Seniors and those close to retirement are often targeted by […]

ATTORNEY NEWSLETTER Annuity Sales Commissions Are Significant Premium “Bonuses” Are Phantom Benefit Lengthy And Costly Surrender Periods Deferred annuities, like fixed indexed annuities, are long and complicated insurance contract under which an insurance company agrees to pay you income at regular intervals in the future in return for an upfront […]