Category: Deferred Annuities

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 […]

ATTORNEY NEWSLETTER Understand How Complex Deferred Annuities Are Fixed Indexed Annuities Are Particularly Complex Avoid Suggestions To Replace Existing Annuities Sales of any kind of insurance product generate commissions for insurance agents.  Deferred annuities generate commissions as high as 10% so they are a favorite insurance product for agents to […]

ATTORNEY NEWSLETTER Taking A Closer Look At Deferred Annuities Avoid High Pressure Sales Dangers Of Exchanging Or Replacing Policies Evans Law Firm, Inc. recommend against deferred annuities for older consumers because the commissions and fees are high, returns rarely meet expectations, and the contracts tie up your money for years.  […]

ATTORNEY NEWSLETTER Dangers For Seniors Questionable Sales Tactics And Inadequate Disclosures Replacement Transactions Can Be Costly Financial elder abuse includes the sale to seniors of unsuitable insurance products.  These unsuitable insurance products include deferred annuities, complex contracts with high fees and significant penalties, known as surrender charges, if you need […]

ATTORNEY NEWSLETTER Deferred Annuities Not A Prudent Investment For Seniors Dangers In The Details Beware Of High Surrender Charges Deferred annuities come in various forms, but insurance agents target senior consumers with one type of deferred annuity in particular known as the fixed indexed annuity (FIAs) marketed under different trade […]

ATTORNEY NEWSLETTER Buffer Annuities Are A Type of Variable Annuity Similarities To Indexed Annuities Caps And Participation Rates Limit Returns All deferred annuities are complex insurance products, and we recommend against them for senior consumers particularly.  Deferred annuities are sold by agents in three general categories: fixed, indexed, and variable.  […]

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 […]