Category: Annuities

ATTORNEY NEWSLETTER Deferred Annuities Are Complex And Expensive Insurance Policies Policy Features Limit Your Upside Fees And Expenses May Be High Evans Law Firm, Inc. generally recommends against certain types of deferred annuities, including fixed indexed annuities, for older consumers based on what we have seen in our litigation experience: […]

ATTORNEY NEWSLETTER Long Term Contracts With Surrender Penalties Loss Of Investment Control High Fees And Low Returns Fixed indexed annuities (FIAs) and other deferred annuities are long-term, complex insurance policies which require you to lose control over your investment.  Seniors and those close to retirement are often targeted by insurance […]

ATTORNEY NEWSLETTER Indexed Annuity Downsides Surrender/Withdrawal Penalties, Commissions And Fees Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggest an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Evans Law Firm, Inc. generally recommends against deferred annuities for […]

ATTORNEY NEWSLETTER Surrender Penalties On Withdrawals Locked In To Contract Investment Strategy High Fees And Lackluster Returns Be skeptical when an insurance agent recommends a deferred annuity as a safe way to save for retirement in a volatile market like we’re in right now.  The Dow just had its lowest […]

ATTORNEY NEWSLETTER Long-Term Contracts With Surrender Penalties Loss Of Control Over Investments Low Or no Interest And High Fees Deferred annuities, such as fixed indexed annuities, are long-term, complex insurance policies which require you to lose control over your investment.  Some contracts may earn little to no interest, and if […]

ATTORNEY NEWSLETTER Undisclosed Risks Indexed Universal Life Insurance Is “Massively Complex”  Fees Can Drain The Policy Indexed universal life insurance (IULs), like certain types of deferred annuities, generate significant sales commissions for the agents who sell them.  For that reason, some agents, eager to make a sale, may pressure consumers […]

ATTORNEY NEWSLETTER Long-Term Contracts Tie Up Your Money Loss Of Control Over How Your Money Is Invested Fees And Caps On Returns Deferred annuities are long-term insurance contracts with penalties if cashed in too early. Income annuities require you to lose control over your investment, and some annuities may earn […]

ATTORNEY NEWSLETTER Be Wary Of Indexed Annuity Proposals Understand The Surrender Penalties And Fees Caps On Returns Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Many deferred annuities impose […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities For Older Consumers Surrender Penalties And Fees Six Major Downsides Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Deferred annuities impose significant surrender […]

ATTORNEY NEWSLETTER Understanding The Disadvantages Of Deferred Annuities Particular Dangers For Older Consumers Some Of The Primary Downsides Explained Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Deferred annuities […]