Category: Deferred Annuity

ATTORNEY NEWSLETTER Unsuitable Investments For Seniors High Surrender Charges Switching Or Exchanging Annuities Can Be Costly Mistake Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies include withdrawal penalties (called surrender charges) if you need your money back. […]

ATTORNEY NEWSLETTER Nationwide Life and Annuity Insurance Company Annuities Nationwide’s New Heights© and High Point© Products J.P. Morgan MOZAIC I and MOZAIC II Indices Nationwide Life and Annuity Insurance Company, part of the Nationwide Mutual Insurance Group, issues fixed indexed annuities in California under the trade names Nationwide New Heights©, […]

ATTORNEY NEWSLETTER Long-Term Contract With No Control Of Investment Surrender Charges On Withdrawals  Annual Fees And Low Returns Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose significant […]

ATTORNEY NEWSLETTER Always Get A Second Opinion Before Being Sold An Annuity Understand Contract Fees And Withdrawal Penalties Avoid Exchanges Or Replacement Transactions Deferred annuities, unlike immediate annuities, require an upfront insurance premium for an income stream to be paid to you many years in the future. The deferral period can […]

ATTORNEY NEWSLETTER Fees And Penalties On Withdrawals  Expensive Policy Riders And Other Complications Not Insured Investments Like CDs Like many financial products and certain forms of life insurance, annuities are complex and come in multiple forms, which makes them difficult to define with one broad stroke.  Deferred annuities are contracts […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complicated, Long-Term Insurance Policies Commissions, Fees And Surrender Penalties Erode Returns Replacements And Exchanges Of Contracts Can Be Costly Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s […]

ATTORNEY NEWSLETTER Many California teachers invest in annuities to supplement their retirement income. Insurance agents often attempt to sell teachers annuities because insurance laws in California allow agents to solicit payroll deferrals directly from individual teachers. These payroll deferral arrangements are commonly called “403(b) plans.” Agents tend to promote annuities […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complex Products What To Watch For Avoid Replacements And Exchanges Deferred annuities are complicated investments.  Some bear complex qualities of both life insurance and securities products; contracts run from 50 to 100 pages or more and are filled with technical language and actuarial tables. Insurance agents […]

ATTORNEY NEWSLETTER Be Wary Of Sales Presentations Seminars And Other Questionable Sales Tactics Understand How Annuities Work  Every time an insurance agent or broker sells an annuity (or talks a consumer into exchanging one he or she already has), the agent receives a significant sales commission.  Most commissions on annuities […]

ATTORNEY NEWSLETTER Understanding These Complicated, Long-Term Insurance Policies Commissions, Fees And Surrender Penalties Dangers In Replacements And Exchanges Of Contracts Evans Law Firm, Inc. recommends against annuities for older consumers because these complex, expensive forms of insurance tie up a senior’s money for years and impose significant penalties if you […]