Category: Deferred Annuities

ATTORNEY NEWSLETTER Questionable Annuity Sales Tactics Targeting Seniors Sales Of Unsuitable Annuities To Seniors As Financial Elder Abuse Economic Loss From Exchange Or Replacement Transactions Insurance agents sell all insurance products for commissions.  Obviously, some forms of insurance, like health insurance and homeowner’s insurance are essential, but unsuitable insurance products […]

ATTORNEY NEWSLETTER The Adverse Impact Of Certain Annuities Fees And Zero Returns In Rising Markets Penalties On Exiting Policies Annuities are complicated investments. Some bear complex qualities of both insurance and securities products. Annuities can be structured as deferred or immediate.  Deferred annuities can be variable or fixed, or a […]

ATTORNEY NEWSLETTER Looking Through The Sales Hype Fixed Indexed Annuities Are Costly And Complex Replacing Existing Policies Can Be A Big Mistake Agents sell fixed indexed annuities as a “safe” investment in times of market volatility.  Evans Law Firm, Inc. recommends against deferred annuities, including fixed indexed annuities, for older […]

ATTORNEY NEWSLETTER Resist Fear Tactics Used To Sell Annuities Sales Commissions Drive The Annuity Industry Consider Other Tax-Deferred Strategies Deferring taxes on retirement savings is a key part of any retirements planning. Tax deferrals can be achieved through direct investment of IRAs or 401ks in mutual funds or ETFs. We […]

ATTORNEY NEWSLETTER Understand The Costs And Complexity Of Universal Life Insurance Premium Payments Continue Until Death Investment Risks And Caps On Growth Indexed Universal Life Insurance is a complicated life insurance product often sold by insurance agents as a retirement savings or estate planning investment. Agents sell universal life policies […]

ATTORNEY NEWSLETTER Annuities Are Complicated Insurance Policies  Disadvantages For Seniors Understand How Annuities Work Before You Are Sold One Evans Law Firm, Inc. recommends seniors avoid deferred annuities because these insurance contracts are costly and complicated and expensive to get out of once you are in one.  Tax deferrals can […]

ATTORNEY NEWSLETTER Annuities Are Expensive, Complicated Insurance Policies  Agents Earn High Commissions On Your Premium Dollars Surrender Penalties Make Getting Out Costly Fear tactics are one way insurance agents use to sell annuities. Print and radio ads may warn senior readers or audiences about the perils of the stock market […]

ATTORNEY NEWSLETTER Agents Earn High Commissions On Deferred Annuity Sales The Riskier The Investment The Higher The Commission Commissions Versus Fee-Based Advice Risky investments like fixed indexed and variable annuities, non-traded REITs (real estate investment funds), and private placements typically pay out high commissions – some as high as 10% […]

ATTORNEY NEWSLETTER Long-Term Insurance Policies  Pressure Sales Tactics High Commissions, Hidden Fees And Surrender Penalties  All deferred annuities are complicated and risky, indexed annuities are particularly complex and full of risk.  These complications and risks are especially dangerous for seniors; if a policyholder needs his or her money back for […]

ATTORNEY NEWSLETTER Disadvantages of Deferred Annuities High Pressure Sales And Other Questionable Practices Replacements And Exchanges Particularly Disadvantageous Deferred annuities present real, potential problems for seniors through contract costs and especially the surrender penalties incurred when the policyholder wants to take his or her money out. When selling annuities to […]