Category: Investment Fraud

ATTORNEY NEWSLETTER Complex, Long-Term Insurance Policies Withdrawals Penalized Lower Returns And Investment Risk Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come.  The concept sounds simple enough but in fact deferred annuities, like fixed indexed annuities, […]

ATTORNEY NEWSLETTER Complicated Insurance Contracts Penalties On Withdrawals Commissions, Fees, Participation Rates And Caps Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they […]

ATTORNEY NEWSLETTER Older Customers Targeted in Ponzi Scheme</h1> Severe Losses For Older Investors Warning Signs Of Investor Fraud Seniors are often targets of Ponzi schemes, where money collected from new investors is used to pay existing investors, and there really is no actual investment of funds. Like the infamous Bernie […]

ATTORNEY NEWSLETTER Complex Insurance Policies Penalties On Withdrawals Commissions, Annual Fees, Participation Rates And Caps 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. Whenever a life insurance agent or […]

ATTORNEY NEWSLETTER Complex, Expensive Insurance Contracts Surrender Penalties On Withdrawals Sales Commissions, Contract Fees And Caps On Returns Life insurance agents often approach older consumers with proposals for deferred annuities as vehicles for retirement income. Deferred annuities are complex insurance products and are not like direct investments in mutual funds, […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complex Long-Term Insurance Contracts Penalties On Withdrawals Commissions, Contract Fees, Participation Rates And Caps On Returns Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Evans Law Firm, Inc. generally recommends against […]

ATTORNEY NEWSLETTER Disadvantages For Older Consumers Costly, Complex Contracts Withdrawals Penalties, Commissions And Fees Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose significant penalties if you need […]

ATTORNEY NEWSLETTER Returns On Your Money Diminished By Contract Fees Surrender Penalties On Withdrawals Investment Risk Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose significant penalties if […]

ATTORNEY NEWSLETTER Fraud And Unsuitable Sales To Seniors Reported Case Examples Protecting Older Loved Ones From Fraud And Financial Elder Abuse Unscrupulous life insurance agents sometimes abuse their profession for personal gain by committing fraud on customers, particularly targeting older consumers in some cases. Dishonest life insurance agents may exploit […]

ATTORNEY NEWSLETTER Disadvantages of Deferred Annuities Use The Free Look Period To Reconsider Other Contract Disadvantages Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid. The contracts are illiquid because during […]