Category: Annuities Fraud

ATTORNEY NEWSLETTER Annuities: The Epitome of Bad Investments Annuities Well-known money manager Ken Fisher recently said with his trademark feistiness, “I hate annuities… and so should you.” He’s not just being cantankerous. His advice is really on the mark here: annuities may seem like attractive investments but, in reality, they’re […]

ATTORNEY NEWSLETTER Paying To Get It; Paying To Toss It: Surrender Charges Whole Life Insurance Whole life insurance policy holders usually walk away from buying their policy thinking they have set themselves up well for the future. But the question remains: have they? There are certainly competing views about whole […]

ATTORNEY NEWSLETTER Are Indexed Annuities Just Over-Our-Heads Difficult? Indexed Annuities Annuities are complex financial instruments. So-called indexed annuities are even more complicated. Yet, these investments are made quite often, which means people could be investing in a product they simply do not understand. And the stakes are incredibly high; often […]

ATTORNEY NEWSLETTER Annuities Gone Wrong Annuities Are A Problem Are you someone who has bought an annuity? Have you tried to take out your money and been charged a steep surrender penalty fee? Has your annuity investment lost you money? Sadly, you are not alone; annuity companies and their agents […]

ATTORNEY NEWSLETTER Long Term Care Insurance Benefits Denied: What, Why, and How to Fix It Background Knowledge of Long Term Care Insurance Long term care insurance, in essence, is there to, unsurprisingly: take care of you long term. The basis behind the insurance is you purchase it, pay your premiums, […]

ATTORNEY NEWSLETTER Brokers Move from Variable to Indexed Annuities Why the Variable Annuity is in Decline 2016 has been a rough year for many people, not least for sellers of variable annuities. Regulatory oversight, the new Department of Labor fiduciary rule, and market factors have led to a year that […]

Variable annuities are often marketed as a good investment product because they are supposed to provide an opportunity to invest, as well as tax advantages and a death benefit which gives beneficiaries at least as much as was paid in.  Unfortunately, many people who buy variable annuities discover that the […]

In 2014, total annuity sales in the United States reached $235.8 billion. Variable annuity sales accounted for more than half of total sales, with sales of variable annuities bringing in $140.1 billion.

ATTORNEY NEWSLETTER The New Landscape of Fee-Based Annuities As the Department of Labor’s new rule comes into effect, requiring insurance and annuity salespeople to act as fiduciaries, financial companies are scrambling to adapt. One way that some companies are trying to deal with this change is to find a loophole […]

ATTORNEY NEWSLETTER Prudential, Jackson National, and the future of the annuity As the Department of Labor requires more insurance brokers to act as fiduciaries, and as FINRA continues its investigation into variable annuities, it’s clear that the increased scrutiny is having a bit of a shriveling effect on the market […]