Category: Evans Law Firm

ATTORNEY NEWSLETTER New FINRA Rules Aim to Curb Financial Elder Abuse The Background Financial elder abuse is a problem that’s increasingly coming to the attention of California and federal regulators, and the new rules issued by FINRA last month are one of the latest moves to stem the tide of […]

ATTORNEY NEWSLETTER Misleading Annuity Illustrations When seniors go to a financial advisor, they often aren’t specifically looking for an annuity. They want to protect their savings, and ensure that they can find a way to make their savings last through their retirement. A financial advisor often sees this as an […]

ATTORNEY NEWSLETTER Talcum Powder and Ovarian Cancer A recent consumer protections case has allegedly revealed a long-standing cover-up by Johnson & Johnson, a major U.S. Pharmaceutical, cosmetic, and hygiene company. According to the charges, and numerous studies since 1971, frequent use of talc-based products, such as “Shower to Shower” and […]

ATTORNEY NEWSLETTER Understanding the Risks of Annuities FINRA, the Financial Industry Regulatory Authority, has made waves by fining Prudential Annuities Distributors, Inc., the wing of the financial giant Prudential that’s in charge of selling and managing the company’s annuities, for failing to prevent a theft of $1.3 million from a […]

ATTORNEY NEWSLETTER Why Do Annuities Have a Bad Reputation? If you’ve been looking into an annuity, it’s almost certain you’ve come across a lot of sources warning you away. Why is that? On the surface, an annuity can make sense: purchasing an annuity now can save money on taxes, provide […]

ATTORNEY NEWSLETTER A Flawed Premise: Insurance as Investment What is Universal Life Insurance? Universal life insurance, and especially indexed universal life insurance, is one of the fasting growing segments of the life insurance market. As sales of traditional life insurance slow, something about indexed universal life insurance keeps it a […]

ATTORNEY NEWSLETTER New Developments in False Claims Act Cases As the end of a Supreme Court session rolls around, attorneys tend to take a moment to recoup, gather the decisions, and take a look at what new features have been added to the landscape of the law. This has been […]

ATTORNEY NEWSLETTER Protecting Elders with Memory Loss One of the most difficult aspects of aging loved ones is the onset of memory and cognition issues. While it may not impact all seniors, the majority have to deal with some level of dementia, Alzheimer’s or other neurological condition. For close family […]

ATTORNEY NEWSLETTER The New Landscape of Fee-Based Annuities As the Department of Labor’s new rule comes into effect, requiring insurance and annuity salespeople to act as fiduciaries, financial companies are scrambling to adapt. One way that some companies are trying to deal with this change is to find a loophole […]

ATTORNEY NEWSLETTER Prudential, Jackson National, and the future of the annuity As the Department of Labor requires more insurance brokers to act as fiduciaries, and as FINRA continues its investigation into variable annuities, it’s clear that the increased scrutiny is having a bit of a shriveling effect on the market […]