Category: Life Insurance

ATTORNEY NEWSLETTER Security Benefit Life Insurance Company Total Value Annuities (TVAs) The life insurance and annuity attorneys at Evans Law Firm, Inc. represent California clients who have suffered losses on all types of life insurance and annuity contracts, including indexed annuities and equity indexed universal life insurance. Indexed annuities are […]

ATTORNEY NEWSLETTER Avoid High-Pressure Tactics And Quick Decisions Downsides Of IULs For Seniors Rising Premiums And Policy Lapses Evans Law Firm, Inc. generally cautions against indexed universal life insurance (IULs) for senior consumers because IULs are expensive, complicated, and tie up invested money for long periods of time.  IULs, like […]

ATTORNEY NEWSLETTER Rising Premiums And Low Returns Of Universal Life Insurance Potentially Misleading Policy Illustrations Limitations On Growth Insurance agents often sell Indexed Universal Life Insurance as a tax-deferred estate planning investment, using the same sales pitch agents often use for deferred annuities. We recommend against indexed universal life insurance […]

ATTORNEY NEWSLETTER Understanding Indexed Universal Life Insurance Policies (IULs) IULs Issued By Pacific Life Insurance Company IULs Many insurance agents sell Indexed Universal Life Insurance as retirement savings vehicles for the future in addition to coverage at death. IULs, like deferred annuities, can be costly and complicated. A number of […]

ATTORNEY NEWSLETTER Types of Life Insurance The Differences Between Term, Whole Life, and Universal Life Insurance Particular Questions for Seniors Life insurance agents sell life insurance in three forms: term, whole, and universal policies.  Agents primarily approach seniors with whole or universal life insurance options.  The premiums on those policies […]

ATTORNEY NEWSLETTER Dangers of Premium Payment Loans Tax Consequences Borrowing against a whole life insurance policy can have serious economic and tax consequences down the road if policyholders are not careful. Insurance agents use the fact that policyholders can borrow against the cash value of whole life policies as part […]

ATTORNEY NEWSLETTER Lost Life Insurance Policies There are millions and millions of dollars in life insurance benefits that go begging every year. A series of investigations and audits by a multistate task force recently tallied $7.5 billion in unclaimed benefits at the country’s 25 largest life insurers. The task force […]

ATTORNEY NEWSLETTER Minnesota Life Insurance Company, part of Securian Financial Group, issues indexed universal life insurance policies in California and throughout the United States under the trade name Balanced Growth Advantage© or Balanced Growth Accumulator©, and similar trade names. These contracts include complex rules regarding returns and investment strategies, fees […]

ATTORNEY NEWSLETTER Eclipse Indexed Universal Life Insurance From Minnesota Insurance Company/Securian Financial Minnesota Life Insurance Company, part of Securian Financial Group, issues indexed universal life insurance policies in California and throughout the United States under the trade names Eclipse Protector IUL©, Value Protection IUL ©, and similar trade names. These […]

ATTORNEY NEWSLETTER Balanced Growth Accumulator Indexed Universal Life Insurance From Minnesota Insurance Company/Securian Financial Minnesota Life Insurance Company, part of Securian Financial Group, issues indexed universal life insurance policies in California and throughout the United States under the trade name Balanced Growth Advantage or Balanced Growth Accumulator ©, and similar […]