Category: Deferred Annuities

ATTORNEY NEWSLETTER Beware The Fine Print In The Details: Caps, Spreads, Fees and Surrender Charges Devour Your Money Our litigators often explain in our blogs why we think deferred annuities are not a good investment, particularly for seniors. Deferred annuities come in three forms:  fixed rate, fixed-indexed rate, and variable […]

ATTORNEY NEWSLETTER FINRA Fines Advisor For Misrepresentations Annuities and Retirement Plan Misrepresentations The Financial Industry Regulatory Authority (FINRA) polices investment advisory firms and other member financial organizations in their dealings with consumers. FINRA regulates individual advisors and also the supervision they’re under by their employers to ensure honesty with clients […]

ATTORNEY NEWSLETTER Agents Always Get Paid How Commissions May Be Hidden Our litigators often explain in our blogs why we think annuities are not a good investment for seniors. Annuities are complex, hold your money hostage to withdrawal penalties, and charge high commissions and fees, among other downsides.  Fees and […]

ATTORNEY NEWSLETTER The Importance of Accurate Age and Income Information How Insurance Agents and Advisors May Mislead You and Carriers Our litigators think annuities are not a good investment for seniors, particularly when the application process can be rigged by an unscrupulous agent to make sure a sale goes through. […]

ATTORNEY NEWSLETTER Keeping Retirement Savings for Yourself Avoid Deferred Annuities With Fees and Surrender Charges The closer you get to retiring the more you try and save for the future. While saving as much as you can is important, where you put those savings is equally important. Insurance agents, financial […]

ATTORNEY NEWSLETTER The Truth About Deferred Annuities Buyer Beware Investment analyst Ken Fisher’s take on deferred annuities is blunt: “I’d rather die and go to hell before selling an annuity.” [1] As over the top that may sound, Fisher’s investment experience has taught him that annuities are costly and complicated […]

ATTORNEY NEWSLETTER Annuities Are Costly and Complicated Losses From Surrender Charges, Commissions, and Fees Annuities are complicated and risky and tie up your money for years, subject to penalties (for as long as 15 years under some contracts) if you need to take your money out. It’s easy to put […]

ATTORNEY NEWSLETTER Annuities Are Inherently Costly and Complicated Tying Up Your Money for Long Periods is Risky Industry reports say sales of annuities are up. That is not good news for consumers. These insurance products are costly, complicated, and risky and tie up your money for years, hostage to penalties […]

ATTORNEY NEWSLETTER Annuities Are Inherently Costly and Risky Another Risk: Carriers Sell Annuities Industry reports say sales of annuities are up. That is not good news for consumers. These insurance products are costly, complicated, and risky and tie up your money for years, hostage to penalties if you need to […]

ATTORNEY NEWSLETTER Beware Annuities, Whole Life Insurance and Equity-Indexed Universal Life Insurance Drawbacks and Downsides Unsuitable for Seniors Sales of annuities and whole life insurance and universal life insurance are trending up in 2019. That’s bad news. In uncertain times, insurance agents and financial advisors push annuities and life insurance […]