Category: Annuities Fraud

ATTORNEY NEWSLETTER If you’ve ever seen an advertisement for free lunch seminars on living trusts, or for the astoundingly low cost to set one up, you may be thinking it’s too good to be true. Well, you’re right. It’s probably a lure for a living trust mill. It has long […]

Fidelity Doubles Down on Deferred Annuities ATTORNEY NEWSLETTER Fidelity Investments is stepping up their inclusion of deferred annuities as part of retirement planning. Their move follows a record year for deferred income annuities, with sales at nearly $3 billion, up 22% from the previous year. As sales skyrocket, the only […]

ATTORNEY NEWSLETTER Though long overdue, the field of Elder Justice just got a new playbook. Prepared from a survey of hundreds of stakeholders, funded by the Department of Justice and the Department of Health and Human Services, and compiled by top experts in the field, the Elder Justice Roadmap lays […]

High Risk, Low Reward: What to Know Before You Buy An Annuity ATTORNEY NEWSLETTER The financial market is fraught with complex money-making schemes, many targeted toward those without the background to fully understand what they’re putting their money into. Although people are growing more wary of Ponzi schemes and other […]

ATTORNEY NEWSLETTER California annuity and insurance fraud attorneys recommend that consumers carefully review annuity policies purchased through Fidelity and Guaranty Life Insurance Company. Annuities are complex products that often have hidden fees and costs. It is recommended that consumers carefully review any policy and consider their options before purchasing any […]

Banner and William Penn Raise Cost of Insurance Charges on Universal Life Insurance Products ATTORNEY NEWSLETTER California insurance fraud attorneys warn that consumers with universal life plans through Banner or William Penn should be aware that their cost of insurance (COI) rates may be increasing. As of August 1, Banner […]

ATTORNEY NEWSLETTER Consumers should be aware that insurance companies can raise the Cost of Insurance (COI) rates on non-guaranteed life insurance products, resulting in higher monthly policy charges. When there is a change in expectations as to future experience, insurance companies can increase the current COI rates to no greater […]

ATTORNEY NEWSLETTER Seniors lose an estimated $36.5 billion annually nationwide to elder abuse, according to a recent report from San Francisco-based True Link Financial. In any given five-year period, 37 percent of the elderly population is affected by financial elder abuse. Financial elder abuse is widespread but among the most […]

ATTORNEY NEWSLETTER Although insurance agents and companies often pitch the benefits of deferred annuities, it is important for consumers, particularly elderly consumers, to be aware of the risks as well. First, consumers should be aware of some of the marketing and sales schemes used to sell annuities. If you have […]

ATTORNEY NEWSLETTER Annuities are complex products that often have hidden fees and costs. It is recommended that consumers carefully review any policy and consider their options before purchasing any annuity policy. Both indexed and fixed annuities have risks for the consumer. Penalties such as surrender charges and forfeiture charges can […]