Category: Long-term Insurance

Fidelity Doubles Down on Deferred Annuities ATTORNEY NEWSLETTER Fidelity Investments is stepping up their inclusion of deferred annuities as part of retirement planning. Their move follows a record year for deferred income annuities, with sales at nearly $3 billion, up 22% from the previous year. As sales skyrocket, the only […]

ATTORNEY NEWSLETTER Medicare and Medicaid programs differ in the way that they pay for nursing home care. It is important for nursing home residents and their loved ones to understand the coverage they have under their particular program. Medicare coverage functions like a health insurance policy, with either the beneficiary […]

ATTORNEY NEWSLETTER If you’re thinking of buying Index Universal Life Insurance or Variable Universal Life Insurance, you might want to think again. These types of Life Insurance rarely return what they cost, and frequently fail to perform anywhere near what consumers are told. Before taking that risk, we want to […]

High Risk, Low Reward: What to Know Before You Buy An Annuity ATTORNEY NEWSLETTER The financial market is fraught with complex money-making schemes, many targeted toward those without the background to fully understand what they’re putting their money into. Although people are growing more wary of Ponzi schemes and other […]

ATTORNEY NEWSLETTER In 1997, Transamerica Life Insurance Co. became the first insurance company to introduce the Indexed Universal Life insurance policy. Since then, Indexed Universal Life insurance policies have grown in popularity. Indexed Universal Life insurance policies base rate of returns on the performance of stock market index. Purchasers are […]

ATTORNEY NEWSLETTER Seniors and elders are the main targets for insurance and annuity scams. Scammers may set up fake insurance companies or loan seniors and elders money to invest in insurance using fake applications so when the senior or elder dies, the scammer receives all the money. Read the following […]

ATTORNEY NEWSLETTER In September, New York Financial Services began an investigation into the Indexed Universal Life sales practices under the belief that insurance companies selling indexed universal life policies have been providing buyers with misleading information. In selling Indexed Universal Life policies, insurance companies use “illustrations” that contain information about […]

ATTORNEY NEWSLETTER A deferred variable annuity may sound like a good idea for elders. A deferred variable annuity supposedly offers tax-deferred treatment of earnings, death benefits, and guaranteed income for life.  However, this information can be misleading.  Annuities may not be right or even beneficial for elders.  Keep in mind […]

ATTORNEY NEWSLETTER Indexed Universal Life insurance policies are a type of permanent life insurance policy that bases its gains on how the stock market performs. If the stock market is doing well, then gains are higher and vice versa.  However, some insurance agents may be providing buyers with misleading information […]

ATTORNEY NEWSLETTER Recent gains in the stock market have been a source of optimism for investors.  The rising stock market has also broadened the appeal of certain investments that are linked to stock performance.  Two kinds of life insurance policies that connect benefits to stocks are variable universal life and […]