Category: Annuities Fraud

Oct 16, 2019 - Annuities by |

California and San Francisco Annuity and Financial Elder Abuse Attorney: Seeing The Truth About Annuities

ATTORNEY NEWSLETTER Beware the Hype Consumer Risks, Especially For Seniors Annuities Are Expensive, Complicated Insurance Products Based on years of litigation experience, our lawyers recommend consumers, especially senior consumers, avoid annuities or life insurance.  Insurance carriers, marketing groups and agents tend to reinvent the ways they sell these products over […]

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May 9, 2019 - Annuities Fraud by |

San Francisco and California Financial Elder Abuse Attorneys: Financial Elder Abuse By Insurance Agents

ATTORNEY NEWSLETTER How Insurance Agents Financially Exploit Seniors California Insurance Department Detectives Arrests Unscrupulous insurance agents, financial advisors and trustees target vulnerable seniors for financial elder abuse. Sometimes law enforcement catches up with them fortunately. Recently, Detectives with the California Insurance Department arrested an insurance agent and a financial advisor […]

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Apr 1, 2019 - Annuities by |

Alameda County and California Financial Elder Abuse Attorneys: Financial Elder Abuse By Insurance Agents

ATTORNEY NEWSLETTER How Insurance Agents Financially Exploit Seniors Unscrupulous insurance agents can really wreak havoc on a senior’s finances. Agents prey on seniors’ anxiety over income security in a drive to sell commission-generating annuities and life insurance, including whole life, universal and equity-indexed policies.  In that drive for commissions, agents […]

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Mar 27, 2019 - Annuities by |

Marin County and California Annuity and Financial Elder Abuse Attorneys: What You Need to Know About Annuity, Whole Life Insurance and Equity-Indexed Life Insurance Risks

ATTORNEY NEWSLETTER Beware Annuities, Whole Life and Equity-Indexed Life Insurance  Consider the Drawbacks and Downsides Insurance agents and financial advisors push annuities and whole and equity-indexed life insurance as part of retirement savings plans, particularly on seniors or persons getting close to retirement and concerned about future income levels. Beware.  All of […]

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Mar 5, 2019 - Annuities by |

California and San Francisco Annuity Fraud and Financial Elder Abuse Attorney: Annuity Fraud on Seniors

ATTORNEY NEWSLETTER Annuity Salesmen Target Seniors Avoid the “Free Lunch” Commission-driven insurance agents target seniors and retirement savers with all kinds of complicated annuities especially in volatile markets. There’s an inherent conflict in their sales pitch because what’s best for the agent isn’t necessarily what’s best for the consumer. One […]

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Feb 21, 2019 - Annuities by |

California and Marin County Annuity Fraud and Financial Elder Abuse Attorney: Annuity Fraud on Seniors

ATTORNEY NEWSLETTER Annuity Scams Targeted At Seniors Annuity Fraud On average, a senior victimized by financial elder abuse loses over $140,000. That level of monetary loss is devastating.  Unscrupulous insurance agents are among the financial predators on seniors, selling them unsuitable annuities and life insurance that line agents’ pockets with […]

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Feb 11, 2019 - Annuities by |

Marin County and California Securities and Financial Elder Abuse Attorney: Unsuitable Variable Annuities

ATTORNEY NEWSLETTER FINRA Continues Fines on Sales of Unsuitable L Share Annuities Variable annuities are sold as B-share and L-share contracts.  B-share annuities are the more common and sold to investors with long-term investment horizons. B-shares typically have lengthy surrender charge periods.  L Share Variable Annuities are a type of […]

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