Category: Investment Fraud

ATTORNEY NEWSLETTER Income Riders Are Costly Income Rider Benefits Are Rarely Realized Other Deferred Annuity Downsides For Older Consumers Life insurance agents often encourage older consumers to purchase lifetime “income riders” for deferred annuity contracts.  These “riders” are attachments to the policy and an annual additional fee is charged by […]

ATTORNEY NEWSLETTER Fraudulent Money Transfers Bank Flags Suspicious Transactions Protecting Seniors From Fraud Financial predators can be strangers or new friends or caregivers entering a senior’s life or those the senior has known and trusted for years.  Unscrupulous stock promoters and financial advisors may prey on seniors.  Evans Law Firm, […]

ATTORNEY NEWSLETTER Contract Expenses And Fees Withdrawal Penalties Make Exiting Contracts Costly Not FDIC Insured 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 […]

ATTORNEY NEWSLETTER Money In Deferred Annuities Is Illiquid Loss Of Personal Control Over Investment Don’t Be Rushed Into A Sale Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  If you try to exit the […]

ATTORNEY NEWSLETTER Downsides Of Deferred Annuities Surrender Penalties Lock Policyholders In Other Contract Features Diminish Returns 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 […]

ATTORNEY NEWSLETTER Never Be Rushed Into A Sale Complicated, Illiquid Insurance Contracts Understand The 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 (meaning it is costly to get your […]

ATTORNEY NEWSLETTER Investment Advisor Targeted Older Customers Several Lost Life Savings How To Avoid This Kind Of Fraud Dishonest financial advisors, life insurance agents, stock promoters and retirement planners prey on older investors, exploiting their fear of running out of money as they grow older.  False promises of high returns […]

ATTORNEY NEWSLETTER Long-Term Insurance Contracts Costly Surrenders 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. Sellers of deferred annuities include insurance agents, and all manner of financial advisors including advisors […]

ATTORNEY NEWSLETTER Unregistered Offering Promised Returns of 20-24% SEC Alleges Promoter Misappropriated 66% Of Funds Thousands Spent At Casinos And Liquor Stores The U.S. Securities and Exchange Commission (SEC) polices the financial markets to protect investors from fraud.  The SEC’s Retail Strategy Task Force has especially focused on fraud against […]

ATTORNEY NEWSLETTER Older Consumers Should Be Wary Of Deferred Annuities Loss Of Investment Control Surrender Penalties, Fees, Participation Rates, And Caps Evans Law Firm, Inc. generally recommends older consumers avoid deferred annuities because they are expensive and complicated and because these contracts tie up a senior’s money for years.  Whenever […]