Category: Insurance Fraud

ATTORNEY NEWSLETTER Unethical Agents And Aggressive Sales Tactics Deliberate Omissions Of Important Information False Promises And Misrepresentations Evans Law Firm, Inc. recommends against annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Deferred annuities impose significant surrender penalties […]

ATTORNEY NEWSLETTER Questionable Sales Tactics Targeting Seniors Deferred Annuities Are Illiquid, Expensive And Poor Performing “Teaser” Interest Rates And Unsuitable Exchanges Deferred annuities contracts are expensive and complex insurance policies.  Deferred annuities are not investments in index funds despite labels like indexed annuities.  Evans Law Firm, Inc. recommends against annuities […]

ATTORNEY NEWSLETTER Agents Incentivized By Large Commissions You May Be Sold Something That’s Not Right For You Beware High-Pressure Sales Pitches And “Today-Only” Deals Insurance Agents and brokers receive a commission for annuity sales, which incentivizes an agent to sell you an annuity.  That incentive could lead an agent to […]

ATTORNEY NEWSLETTER What Seniors Need To Know Do Not Be Pushed Into An Annuity Watch Out For Surrender Charges If you are a senior, someone may offer to sell you an annuity. Agents may be aggressive in sales tactics and try to pressure you.  Do not allow yourself to be […]

ATTORNEY NEWSLETTER Agents Target Seniors With Unsuitable Deferred Annuities Withdrawal Penalties And Taxes On Surrenders Avoid Expensive Exchanges Or Switches Of Policies Agents push deferred annuities for senior consumers because sales generate substantial commissions.  Evans Law Firm, Inc. recommends seniors avoid deferred annuities, based on years of representing older consumers […]

ATTORNEY NEWSLETTER Agent Accused Of Stealing $1.2 Million 14 Elderly Clients Were Victims Accusations Of Stolen Premiums, Lies, And Falsified Documents Seniors are all potential victims of financial elder abuse and predators include in-home caregivers, insurance agents and other salespeople, bankers, trustees, conservators, financial advisors, brokers, contractors, second spouses, and […]

ATTORNEY NEWSLETTER Seven Examples Of Insurance Agent Fraud And Financial Elder Abuse Victims Include Many Seniors Protecting Older Loved Ones From Insurance Agent Fraud 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 […]

ATTORNEY NEWSLETTER Insurance Agent Accused Of Stealing $200,000 In Premium Payments 32 Victims Including Many Seniors Allegations Of Forgery And Falsified Documents Seniors are vulnerable to financial elder abuse from all kinds of individuals and businesses, including insurance agents who can swindle seniors out of money.  An insurance agent’s financial […]

ATTORNEY NEWSLETTER Civil Complaint Alleges Older Victims Lost Life Savings Agent Allegedly Sold Unregistered Promissory Notes FINRA Bars Defendant As Registered Financial Advisor Financial elder abuse by financial advisors, brokers, and insurance agents may be a one-time sale or unauthorized trade or it can be a sustained scheme taking more […]

ATTORNEY NEWSLETTER Not The Same As Index Fund Investments High Sales Commissions, Fees And Withdrawal Penalties Annuities Are Not Insure Investments Whenever an insurance agent approaches you with a deferred annuity, like an indexed annuity dig a little deeper to understand how these indexed annuities operate in real life. Indexed […]