Category: Annuities Fraud

ATTORNEY NEWSLETTER   Financial Elder Abuse Protections Expanding Cases Against Insurance Companies and Agents Grow   Over the past few years, financial elder abuse cases and protections have steadily expanded, particularly in California. Financial elder abuse attorneys at Evans Law Firm have been in the forefront of this expansion in […]

ATTORNEY NEWSLETTER Fixed Index Annuities: The Biggest Sham of All Fixed Index Annuities Insurance carriers like to offer products such as fixed index annuities. However, these annuities are not always the proper decision for all potential buyers. If you or someone you know has been a victim of fixed index […]

ATTORNEY NEWSLETTER What Duty Does An Agent Owe You? Putting You First We at Evans Law Firm have for years litigated the question of an insurance agent’s duty to his clients, particularly when it comes to life insurance and/or annuities. We have written on the subject in this column. As […]

ATTORNEY NEWSLETTER What to Expect From Your Financial Advisor Rules Governing Investment Recommendations Every day financial advisors recommend all kinds of investments to American consumers. Recommendations come from stock brokers, insurance agents, bankers, financial planners, and investment advisors. Different government, industry and company rules govern these recommendations. Generally, one of […]

ATTORNEY NEWSLETTER IOVAs: Investment Only Variable Annuities What are IOVAs and How Do They Work? Tax deferral is the key to successful retirement savings. IRAs, 401(k)s, SEPs and the like offer deferral but annual contribution limits are relatively low for high earners. Annuity carriers offer another possibility. Investment Only Variable […]

ATTORNEY NEWSLETTER Understanding Income Riders Income Riders Flood Annuities Market A flood of new income riders on annuities partially explains a recent boom in sales. Annuity sales hit a record $203 billion last year. Before you climb abroad this fast-moving train, make sure you understand what annuities are, what income […]

ATTORNEY NEWSLETTER The Downsides of Annuities Annuities Low interest rates are good if you’re young and need to borrow, but they’re not so good if you’re older, past your borrowing days, and looking for higher income in retirement. Some of us remember grandparents enjoying double-digit CD returns in the late […]

ATTORNEY NEWSLETTER Life Insurance Surrenders: The Tax Consequences Surrendering Life Insurance Whenever an insurance agent starts talking about surrendering or “changing” or “replacing” your life insurance policy, remember one important thing if nothing else: there will be tax consequences. We here at Evans Law Firm are not tax attorneys but […]

ATTORNEY NEWSLETTER Hidden Charges and Penalties in Annuities Are you someone who purchased an annuity while over the age of 60 in the State of California during the past year? Have you suffered from surrender charges due to that annuity? Many people have. And often senior purchasers of annuities are […]

ATTORNEY NEWSLETTER Beware Annuity Scams Agents Target Seniors Salesmen masquerading as “advisors” or “planners” run annuity scams every day in this country. Their favorite targets are seniors. Seniors make up 30 percent of fraud victims, according to consumer advocacy groups and we suspect the percentage would be much higher if […]