Category: Annuities Fraud

ATTORNEY NEWSLETTER How Insurance Agents Can Financially Exploit Seniors Unscrupulous insurance agents can really wreak havoc on a senior’s finances. Agent misconduct ranges from outright theft to more subtle forms of exploitation such as selling unsuitable life insurance and annuity policies or churning a senior’s existing policies into new ones […]

ATTORNEY NEWSLETTER Beware the Hard-Sell Free Steak Dinner High Pressure After a Free Meal Seniors and retirement investors grow anxious in a volatile stock market. Insurance agents seize on that anxiety to push annuities and life insurance as “safer” investments for the future.  One sales tactic is to offer a […]

ATTORNEY NEWSLETTER Seniors: Watch Out for Fraud by Financial Advisors, Insurance Agents, and Stock Brokers If You’re a Victim, We Can Help Unscrupulous insurance agents, financial and investment advisors, retirement planners, and stock brokers prey on seniors in particular. After all, seniors hold 1/3 of the nation’s wealth. Seniors may […]

ATTORNEY NEWSLETTER Fraud Up as Annuity Sales Increase Unsuitable Products and Churning Annuity sales are up and so are cases of fraud, especially on seniors. The fraud on seniors varies but typically involves either the sale of unsuitable products or unlawful “churning,” where agents convince annuity owners to trade one […]

ATTORNEY NEWSLETTER Beware the Hard-Sell Free Lunch High Pressure Sales Seminars Have you ever come back to your car at a shopping mall and found a free lunch flier on your windshield? Or maybe a invitation by mail to a free dinner seminar?  Some insurance agents are notorious for relying […]

ATTORNEY NEWSLETTER Unsuitable Sales, Improper Exchanges, High Fees, Tying Up Your Money Seniors Beware Unscrupulous advisors and insurance agents, hungry for commissions, push annuities on seniors worried about income levels for their later years. The sales pitches rev up as markets turn volatile and promises of guaranteed rates sound good. […]

ATTORNEY NEWSLETTER Seniors: Watch Out for Financial Fraud From Planners, Stockbrokers and Financial Advisors If You’re a Victim, We Can Help Unscrupulous financial advisors, retirement planners and stock brokers prey on seniors in particular. In some cases, the broker/advisor has a history of preying on the elderly but the brokerage […]

ATTORNEY NEWSLETTER FINRA Reports Surge In Financial Elder Abuse Claims Unsuitable Products, Breach of Contract, Negligent Advice and More Investors harmed by broker or advisor recommendations can file complaints about the misconduct with the Financial Industry Regulatory Authority (FINRA). FINRA has the power to levy fines and disciplinary sanctions.  The […]

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 […]

ATTORNEY NEWSLETTER Understanding Immediate Annuities An immediate annuity is an insurance contract where the policyholder makes a single lump-sum payment and begins receiving back almost immediately regular income payments. Imagine, for example, you’re over 60 and sell your home and decide to put some or all of the proceeds into […]