Category: Annuities Fraud

ATTORNEY NEWSLETTER Understand How Deferred Annuities Work Avoid Quick Decisions And High-Pressure Sales Tactics Ask the Right Questions And Get A Second Opinion An annuity is an insurance contract. An insurance company agrees to pay you income at regular intervals in return for an upfront premium payment; these annuity contracts […]

ATTORNEY NEWSLETTER Unsuitable Deferred Annuities For Seniors High-Pressure Sales Tactics Warning Signs For Consumers Annuity carriers pay commissions as high as 10 percent to insurance agents when they sell deferred annuities.  Agents in turn target seniors with these sales; sometime the pitch may be to convince a senior consumer to […]

ATTORNEY NEWSLETTER  Agents Target Seniors For Sales Of Deferred Annuities  Disadvantages For Seniors Beware Of Recommendations To Switch Contracts Insurance agents target seniors for sales of deferred annuities but these insurance products are especially complex.  Deferred annuities can run from 50 to over 100 pages long with endorsements (called riders) […]

ATTORNEY NEWSLETTER How Deferred Annuities Work Pitfalls For Seniors Questionable Sales Tactics Some insurance agents become quite aggressive when selling insurance products like certain forms of life insurance and deferred annuities. Sales of these policies generate substantial sales commissions and agents may not fully disclose all the facts about these […]

ATTORNEY NEWSLETTER Questionable Annuities Sales Tactics High Commissions Drive Sales Steep Withdrawal Penalties And Lengthy Surrender Periods Agents receive substantial commissions for the selling annuities to seniors. Often annuity sales are closed on incomplete information. The consumer may not understand how these complicated contracts work and for seniors this can […]

ATTORNEY NEWSLETTER Understanding Fixed Indexed Annuities Fees And Complicated Return Calculations  Lengthy Surrender Periods  Agents who sell deferred annuities like fixed indexed annuities to seniors receive a commission as high as 10% on the sale. Fixed indexed annuities are sold during times of volatile markets as offering security against falling […]

ATTORNEY NEWSLETTER Unsuitable Insurance For Seniors Questionable Sales Tactics Red Flags For Consumers Insurance companies may offer commissions as high as 10 percent to agents to sell products like long-term deferred annuities to senior citizens. In this environment, consumers should arm themselves with information to protect their interests. Evans Law Firm, […]

ATTORNEY NEWSLETTER Prohibitions Against Sales Of Unsuitable Insurance Policies Unsuitable Sales To Seniors Is Financial Elder Abuse Red Flags In Sales Pitches Insurance agents who sell unsuitable insurance products, including indexed annuities, to seniors violate the California Insurance Code and Financial Industry Regulatory Authority (FINRA) regulations against the sale of […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities Unsuitable Investments Reasons To Avoid Deferred Annuities Sales of unsuitable annuities, including indexed annuities, to seniors may constitute financial elder abuse and violate the California Insurance Code and Financial Industry Regulatory Authority (FINRA) regulations against the sale of unsuitable investments.  Cal. Welf. & Inst. […]

ATTORNEY NEWSLETTER Deceptive Sales Practices Fees And Surrender Charges Understand How Returns Are Calculated Annuity sales to senior citizens have increased in recent years, but so has a sense of confusion among older consumers who are so often targeted by agents selling complex and expensive annuities. The confusion over these […]