Category: Deferred Annuities

ATTORNEY NEWSLETTER Agents Oversimplify How Deferred Annuities Work The Dangers For Seniors Are In The Details Exchanging Existing Annuities Can Be Very Costly Deferred annuities come in various forms, but one of the products insurance agents promote for seniors are fixed indexed annuities (FIAs).  Agents sell FIAs to seniors in […]

ATTORNEY NEWSLETTER Avoid The Hype On Fixed Indexed Annuities Complex Insurance Products With High Commissions And Fees Replacement Transactions Especially Risky And Costly COVID-19 has created serious uncertainty in markets and left many investors jittery about the country’s economic future and the performance of markets in the years ahead climbing […]

ATTORNEY NEWSLETTER Reading Between The Lines On Complex Contracts Return Calculations, Caps, Fees, And Penalties Research Before You Buy The Santa Clara financial elder abuse attorneys at Evans Law Firm, Inc. advise against deferred annuities for senior consumers because our litigators have seen too many older persons economically harmed by […]

ATTORNEY NEWSLETTER Deferred Annuities Are Expensive, Complicated Insurance Policies Hidden Dangers For Seniors Especially Penalties For Getting Out Of An Annuity Deferred annuities are contracts between you and an insurance company. You pay for the annuity through a lump sum or payments over time, and at some future date the […]

ATTORNEY NEWSLETTER Financial Elder Abuse In Insurance Sales Sales Tactics And Insurance Contracts As Forms Of Financial Elder Abuse Disastrous Replacement Transactions Financial elder abuse comes in various forms and from different sources.  One of the most pernicious and financially disastrous can be in the form of unsuitable insurance products, […]

ATTORNEY NEWSLETTER Carriers Pay Large Commissions On Annuity Sales High-Pressure Sales Tactics And Anxiety About The Economy Dangers In Replacing Existing Contracts Financial advisors and insurance agents often capitalize on the anxiety older persons have about the economy and whether they will have enough money to live on in the […]

ATTORNEY NEWSLETTER Free Lunch Seminars and Ads Push “Financial Strategies” If It Sounds Too Good To Be True, It Usually Is Take Your Time and Do Your Homework Older adults are too often the targets of annuity salespeople intent on earning a sales commission.  Sales tactics include free lunch or […]

ATTORNEY NEWSLETTER Unscrupulous Agents Earn Commissions On Unsuitable Products Misrepresentations And High-Pressured Sales Tactics Evans Law Firm Represents Financial Elder Abuse Victims Financial elder abuse is the most common form of elder abuse in the United States; elder advocacy groups estimate that there are five million cases of financial elder […]

ATTORNEY NEWSLETTER Complicated Deferred Annuities Unsuitable For Seniors Beware of High-Pressured Sales Tactics Like “Estate Planning Seminars” “Bonuses” Are Marketing Gimmicks Insurance companies offer sales commissions as high as 10 percent to insurance agents who sell products like long-term deferred annuities to senior citizens.  In our current economic environment, agents […]

ATTORNEY NEWSLETTER Indexed Annuities Are Not Index Fund Investments Indexed Annuity Policy Limitations On Returns Caps, Participation Limits, Annual Fees And Surrender Charges Insurance agents sell indexed deferred annuities to seniors as “safe” investments for income later in life.  But rather than take the selling points at face value, seniors […]