Category: Annuities

ATTORNEY NEWSLETTER Misleading Annuity Illustrations When seniors go to a financial advisor, they often aren’t specifically looking for an annuity. They want to protect their savings, and ensure that they can find a way to make their savings last through their retirement. A financial advisor often sees this as an […]

ATTORNEY NEWSLETTER Retirement, 401(k) Accounts, and Annuities Although many consumers and seniors have heard of annuities, it’s not always obvious how prevalent they are in other financial products. Many “senior financial advisors,” claiming to offer specialized products and services for the elder population, try to sell bespoke blends of various […]

ATTORNEY NEWSLETTER AXA Annuities AXA is among the largest insurance companies both in the U.S. and international markets, and is among the top sellers of both annuity and life insurance policies. Like many insurance companies, a large portion of AXA’s policyholders are seniors, retirees, and the elderly. This market can […]

ATTORNEY NEWSLETTER Understanding the Risks of Annuities FINRA, the Financial Industry Regulatory Authority, has made waves by fining Prudential Annuities Distributors, Inc., the wing of the financial giant Prudential that’s in charge of selling and managing the company’s annuities, for failing to prevent a theft of $1.3 million from a […]

ATTORNEY NEWSLETTER Why Do Annuities Have a Bad Reputation? If you’ve been looking into an annuity, it’s almost certain you’ve come across a lot of sources warning you away. Why is that? On the surface, an annuity can make sense: purchasing an annuity now can save money on taxes, provide […]

ATTORNEY NEWSLETTER A Flawed Premise: Insurance as Investment What is Universal Life Insurance? Universal life insurance, and especially indexed universal life insurance, is one of the fasting growing segments of the life insurance market. As sales of traditional life insurance slow, something about indexed universal life insurance keeps it a […]

ATTORNEY NEWSLETTER New Legal Landscape of Elder Law The U.S. House of representative has just approved legislation that would protect financial advisors who report financial elder abuse from lawsuits over breach of privacy. The law is designed to clarify what takes priority when dealing with the finances of the elderly, […]

ATTORNEY NEWSLETTER Are annuities as stable as brokers claim? Annuity companies spend a great deal of time, energy, and marketing dollars to build the reputation of their product as a rock-solid investment. They’ve banked on this in their campaign to sell indexed annuities, products that make the impossible claim of […]

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 […]