Category: Long-term Insurance

ATTORNEY NEWSLETTER Regulators Take Closer Look Investigating Annuity Sales Practices Our litigators recommend against annuities because commissions, fees and surrender penalties reduce returns and make it expensive to get your money out if you need it. Agents may pitch you on an annuity for your retirement plan. We advise against […]

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 Avoid The Push Toward Annuities Insurance Agents and Banks Earn Commissions on Sales America has been in a low-interest-rate economy for years and returns on Certificates of Deposit have been on the low side for some time.  Now bank rates are inching up and shaky stock and bond […]

ATTORNEY NEWSLETTER Fixed Annuities Are Not Simple Understanding How Much Interest You Earn Fixed annuities are sold by agents as safe harbors in stormy markets. Don’t buy it. Fixed annuities aren’t risk-free investment options and the rules for crediting interest under your policy likely mean you will earn much less […]

ATTORNEY NEWSLETTER Understand What An Agent Is Trying To Sell You Resist High-Pressure Sales Annuities Are Expensive, Complicated Insurance Products Based on years of litigation experience, our lawyers recommend consumers, especially senior consumers, avoid annuities and certain types of life insurance contracts, like indexed universal life insurance. Research reinforces that […]

ATTORNEY NEWSLETTER Long-Term Care Insurance Claims Long-Term Care Insurance has always been sold by agents to help you pay for care when, later in life, you are unable to take care of yourself. Insureds trusted the policies would cover the costs of assisted living care, skilled nursing facilities, and in-home […]

ATTORNEY NEWSLETTER Long-Term Care Insurance Claims Long-Term Care Insurance has always been sold by agents to help you pay for care when you are unable to take care of yourself later in life. Insureds trusted the policies covered the costs of assisted living care, skilled nursing facilities, and in-home care […]

ATTORNEY NEWSLETTER  Long-Term Care Insurance Claims Long-Term Care Insurance has always been sold by agents to help you pay for care when, later in life, you are unable to take care of yourself. Insureds trusted the policies would cover the costs of assisted living care, skilled nursing facilities, and in-home […]

ATTORNEY NEWSLETTER Long-Term Care Insurance Claims Long-Term Care Insurance has always been sold by agents to help you pay for care when, later in life, you are unable to take care of yourself. Insureds trusted the policies would cover the costs of assisted living care, skilled nursing facilities, and in-home […]

California Assembly Looks At Long Term Care The California State Assembly has introduced hundreds of new bills at the end of its Winter Term. A number of those bills address long-term care and elder abuse. We’d like to bring the bills concerning long term care to your attention and we […]