Category: Deferred Annuities

ATTORNEY NEWSLETTER Insurance Policies Are Not Fund Investments Contract Rates Have Caps And Other Limitations Penalties On Withdrawals  When you survey fliers and ads for indexed deferred annuities you may get the sense that deferred annuities are really the same as direct investments in market indexes. They aren’t; deferred annuities […]

ATTORNEY NEWSLETTER Fall Of Annuity Interest Rates Continues Reassess The Viability Of Annuities Avoid Getting Stuck In An Annuity Annuity interest rates have been in a freefall in 2020, and there are no signs ahead of any correction.  Collapsing annuity interest rates translate into collapsing monthly payouts when contracts begin […]

ATTORNEY NEWSLETTER Analyze Costs Before You’re Sold An Annuity Penalties On Withdrawals Consult With Your Tax Advisor Before Any Annuity Transaction Whenever an agent approaches you to consider a deferred annuity, if you’re a senior think long and hard about the costs buried in annuities.  Below, we analyze costs more […]

ATTORNEY NEWSLETTER Agents Push Deferred Annuities For Seniors Understand How Deferred Annuities Work Always Get A Second Opinion Insurance agents offer seniors deferred annuities, designed, according to the salesperson, to provide an income stream later in life. Sometimes the teaser rates on these contracts sound appealing. But deferred annuities pay […]

ATTORNEY NEWSLETTER What Seniors Should Understand About Annuity Fees Fees Versus “Guarantees” How Carriers Protect Themselves Deferred annuities generally carry a variety of fees from initial sales commissions to producing agents, administrative fees, subaccount fees, and fees for enhanced contract features known as “riders.” Seniors consumers need to understand how […]

ATTORNEY NEWSLETTER Seniors Targeted For Unsuitable Insurance Or Investments Always Get A Second Opinion When it comes to the sale of deferred annuities to seniors, inappropriate sales practices can occur in many ways and come from a variety of sources. “Free lunch” investment seminars may be on hold right now […]

ATTORNEY NEWSLETTER  Agents Target Seniors For Unsuitable Insurance Or Investments Beware The Hype And Get A Second Opinion “Free lunch” investment seminars may be on hold right now during the pandemic but insurance agents still have products to sell, some of which may be unsuitable for seniors. Our financial elder […]

ATTORNEY NEWSLETTER Beware the Hype Agents Target Seniors Deferred Annuities Are Expensive, Complicated Insurance Products Based on years of litigation experience, our lawyers recommend senior consumers avoid deferred annuities or certain kinds of misleading life insurance contracts. Insurance carriers, marketing groups and agents tend to reinvent the ways they sell […]

ATTORNEY NEWSLETTER Risks, Costs, Complexity, And Downsides Deferred Annuities Are Insurance Policies Not Fund Investments Do Not Be Rushed Into A Sale Dropping interest rates and market volatility may be with us for quite a while in this new, COVID-19 world. There are still insurance agents and financial advisors with […]

ATTORNEY NEWSLETTER Understand The Costs And Downsides Deferred Annuities Are Insurance Policies Not Fund Investments Do Not Be Rushed Into A Sale When selling annuities to senior citizens, insurance agents may gloss over the fine print and leave out some important details about how annuities actually work. Our litigators recommend […]