Category: Deferred Annuities

ATTORNEY NEWSLETTER Deceptive Sales Practices Fees And Surrender Charges Understand How Returns Are Calculated Annuity sales to senior citizens have increased in recent years, but so has a sense of confusion among older consumers who are so often targeted by agents selling complex and expensive annuities. The confusion over these […]

ATTORNEY NEWSLETTER Unethical Agents And Aggressive Sales Tactics Deliberate Omissions Of Important Information False Promises And Misrepresentations Evans Law Firm, Inc. recommends against 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 penalties […]

ATTORNEY NEWSLETTER Questionable Sales Tactics Targeting Seniors Deferred Annuities Are Illiquid, Expensive And Poor Performing “Teaser” Interest Rates And Unsuitable Exchanges Deferred annuities contracts are expensive and complex insurance policies.  Deferred annuities are not investments in index funds despite labels like indexed annuities.  Evans Law Firm, Inc. recommends against annuities […]

ATTORNEY NEWSLETTER Agents Incentivized By Large Commissions You May Be Sold Something That’s Not Right For You Beware High-Pressure Sales Pitches And “Today-Only” Deals Insurance Agents and brokers receive a commission for annuity sales, which incentivizes an agent to sell you an annuity.  That incentive could lead an agent to […]

ATTORNEY NEWSLETTER Annuity Fraud Targeted At Seniors Dangers Of Tying Up Your Money Remedies For Financial Elder Abuse Annuity fraud takes place when seniors are persuaded to purchase annuity products they do not want or need. Insurance agents push these products on unwitting seniors to earn commissions. Insurance carriers issue […]

ATTORNEY NEWSLETTER What Seniors Need To Know Do Not Be Pushed Into An Annuity Watch Out For Surrender Charges If you are a senior, someone may offer to sell you an annuity. Agents may be aggressive in sales tactics and try to pressure you.  Do not allow yourself to be […]

ATTORNEY NEWSLETTER Seniors Targeted For Annuities Surrender Penalties And Annual Fees Return Calculations Favor Carriers Not Policyholders Beware of insurance agents who continually pressure you to buy an annuity, or exchange a contract you already own.  Sometimes the sales pitch is made at free lunch seminars or receptions.  Take a pass […]

ATTORNEY NEWSLETTER Agents Target Seniors With Unsuitable Deferred Annuities Withdrawal Penalties And Taxes On Surrenders Avoid Expensive Exchanges Or Switches Of Policies Agents push deferred annuities for senior consumers because sales generate substantial commissions.  Evans Law Firm, Inc. recommends seniors avoid deferred annuities, based on years of representing older consumers […]

ATTORNEY NEWSLETTER Beware High-Pressure Sales Tactics Beware High Surrender Charges Beware Agents Urging You To Switch Annuities Sales of unsuitable insurance products to seniors by insurance carriers and agents may constitute financial elder abuse under Cal. Welf. & Inst. Code § 15610.30 and violations of the California Insurance Code. See, […]

ATTORNEY NEWSLETTER Disadvantages For Older Consumers Especially Limitations On Returns And Accumulated Fees Getting Out Of An Annuity Is Expensive Evans Law Firm, Inc. recommends that seniors avoid deferred annuities because over the years we have seen many older consumers lose money on deferred annuities as the result of high […]