Category: Annuities

ATTORNEY NEWSLETTER Seniors Should Avoid The Sales Hype Long-Term Annuities Are Costly To Exit Sales Commissions And Fees Diminish Returns Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come.  The concept sounds simple enough but in […]

ATTORNEY NEWSLETTER Complex Insurance Contracts Fees And Unfavorable Interest Crediting Costly To Exit 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. The contracts are illiquid because during the so-called “surrender […]

ATTORNEY NEWSLETTER Seniors Should Avoid The Sales Hype Long-Term Annuities Are Costly To Exit Sales Commissions And Fees Diminish Returns Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come. The concept sounds simple enough but in […]

ATTORNEY NEWSLETTER Disadvantages For Seniors Penalties For Exiting Deferred Annuities Commissions, Fees, And Withdrawal Penalties Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, like most deferred annuities, impose withdrawal penalties, […]

ATTORNEY NEWSLETTER Complex Insurance Contracts Caps, Participation Rates, And Unfavorable Interest Crediting Formulas Withdrawal Penalties Make Policies Costly To Exit 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. Included among […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complex Insurance Contracts Policies May Include Annual Fees And Unfavorable Interest Crediting Formulas Withdrawal Penalties Make Policies Costly To Exit 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 […]

ATTORNEY NEWSLETTER Exiting Contracts Is Costly Sales Commissions, Fees, Participation Rates And Caps Questionable Sales Tactics 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 an insurance agent or […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities For Seniors Contracts Are Costly To Exit Sales Commissions And Fees Diminish Returns Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come. The concept sounds simple enough but in fact […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities  Costly To Exit Sales Commissions And Fees Diminish Returns Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come.  The concept sounds simple enough but in fact deferred annuities, like fixed […]

ATTORNEY NEWSLETTER Seniors Should Avoid The Sales Hype Long-Term Annuities Are Costly To Exit Sales Commissions And Fees Diminish Returns Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in years to come. The concept sounds simple enough but in […]