The Securities Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and the North American Securities Administrators Association (NASAA) have identified several products and practices that make regular appearances in fraud schemes that target elders and senior citizens. Elders and senior citizens should read the following list and be careful to […]

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 that suggest […]

ATTORNEY NEWSLETTER Seniors who have or are thinking about purchasing an equity-indexed annuity (EIA) should be aware of the advantages and disadvantages that come with an equity-indexed annuity. Some sellers of annuities include Massachusetts Mutual Life Insurance Company, Principal Life Insurance Company, Jackson National Life, Pacific Life Insurance Company, Aviva […]

ATTORNEY NEWSLETTER In 2010, a whistleblower came forth with information showing Extendicare Health Services Inc., a nursing home chain, was defrauding Medicare and Medicaid by charging patients for below-average care. Now, the nursing home chain will be paying $38 million to settle the failure-of-care claims – the largest amount ever […]

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 Seniors and elders who are thinking about purchasing an annuity should first familiarize themselves with what an annuity is and the risks associated with annuities. Annuities are not right for everyone.  Read the following for more information on what are annuities, what types of annuities there are, and […]

ATTORNEY NEWSLETTER Senior citizens and elders should not be taken in by advertisements extolling the benefits of reverse mortgages. Reverse mortgages can actually be bad for senior citizens and elders.  A reverse mortgage is a loan that seems, on the surface, perfect for elders who need financial help with paying […]

ATTORNEY NEWSLETTER Two words: employer retaliation. Whistleblowers don’t normally report wrongdoing to the Securities Exchange Commission (SEC) or the Internal Revenue Service (IRS) for the attention.  In fact, whistleblowers report misconduct because they were retaliated against in some manner such as wrongful termination, leading them to seek outside help.  In […]

ATTORNEY NEWSLETTER Senior citizens in nursing home can leave a California nursing home or skilled nursing facility of their own volition. Or they can be illegally evicted, something California nursing homes and skilled nursing facilities do far too often.  Senior citizens and elderly residents may be evicted in one of […]