Category: Deferred Annuities

ATTORNEY NEWSLETTER Understanding Riders in Annuities The Death Benefit Rider Sales Pitch Riders are endorsements added to annuity contracts sold to enhance the benefits payable under those contracts. There are several types of riders, two of the most common being income riders and death benefit riders.  We have written on […]

ATTORNEY NEWSLETTER Beware Fixed Index Annuities Americans pump billions into complex fixed indexed annuities every year. Insurance agents push the annuities as a safe bet in volatile markets – they’ll tell you the policy offers the upside of market increases (the “indexed” part) with downside protection (the “fixed” part).  Advertised […]

ATTORNEY NEWSLETTER Be Wary of Variable Annuities Don’t Be Blindsided In Your Search For Higher Returns In our current low-interest rate environment, insurance agents and retirement planners push variable annuities as a way to get more bang for your buck when it comes to retirement savings. Be very careful.  These […]

ATTORNEY NEWSLETTER Be Wary of Annuities Commissions, Fees and Surrender Charges Drain Your Savings One commentator recently summed it all up when it comes to annuities: “Annuity companies and annuity peddlers are making boatloads of money from you.”[1]  It’s the truth.  Annuities are among the highest commission financial products out […]

ATTORNEY NEWSLETTER Beware of Deferred Annuities Many analysts see a market correction on the horizon as severe as the drop ending the dotcom bubble back in 2000. Insurance agents seize on such negative forecasts when pushing seniors and those soon to retire toward fixed or indexed annuities and life insurance. Proceed […]

ATTORNEY NEWSLETTER A Closer Look At Variable Annuities and Seniors Variable annuities are complex annuity contracts with securities and insurance features. Returns on variable annuities fluctuate with the market making these complicated contracts especially dangerous for seniors. The complexity and confusion surrounding the terms of variable annuities can lead to […]

ATTORNEY NEWSLETTER Seniors Beware of Deferred Annuities The devil’s in the details. The old idiom is true of much in life. Insurance contracts surely live up to the saying, and none more so than complicated annuities. The Alameda County and California financial elder abuse, annuities and securities attorneys at Evans […]

ATTORNEY NEWSLETTER Understanding Annuities Are Deferred Annuities Right for Seniors? If you are over age 60, live in California and own a deferred annuity, the annuities and financial elder abuse attorneys at Evans Law Firm, Inc. can review the provisions of your contract at no cost to you.  The California […]

ATTORNEY NEWSLETTER FINRA Concerns With L Share Annuities L Share Variable Annuities are a type of variable annuity where the surrender charge period under the contract is shortened to three or four years, as opposed to seven to ten years under standard variable annuities. L Share annuities have higher administrative […]

ATTORNEY NEWSLETTER RiverSource Life Insurance Company Deferred Annuities The annuity attorneys at Evans Law Firm Inc. represent clients who have suffered losses on all types of annuity contracts, including fixed, indexed, and variable deferred annuities. These contracts charge sales commissions, rider fees and other benefit charges, and penalties on full […]