Category: Index Universal Life

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 […]

ATTORNEY NEWSLETTER Understanding Risks and Downsides Insurance carriers and agents and financial advisors push life insurance in any form: term life insurance, whole life insurance, and universal life insurance. Whole life insurance and universal life insurance pay higher commissions than term life insurance (the premiums are higher too) so pay […]

ATTORNEY NEWSLETTER How Insurance Agents Financially Exploit Seniors Unscrupulous insurance agents can really wreak havoc on a senior’s finances. Agents prey on seniors’ anxiety over income security in a drive to sell commission-generating annuities and life insurance, including whole life, universal and equity-indexed policies.  In that drive for commissions, agents […]

ATTORNEY NEWSLETTER Policyholder Risks on Universal Life Insurance Hitting Seniors Hardest A hidden risk that premiums can skyrocket lies in universal life insurance. Unlike term and whole life insurance, universal life policies allow flexible premium payments but those payments can increase dramatically over time leaving consumers with the poor choice […]

ATTORNEY NEWSLETTER How Insurance Agents Can Financially Exploit Seniors Unscrupulous insurance agents can really wreak havoc on a senior’s finances. Agent misconduct ranges from outright theft to more subtle forms of exploitation such as selling unsuitable life insurance and annuity policies or churning a senior’s existing policies into new ones […]

ATTORNEY NEWSLETTER Genworth Life and Annuity Insurance Company Whole Life Insurance Required Disclosures to Senior Policyholders If you are over age 60, live in Marin County or elsewhere in California, and have cancelled (or surrendered) a whole or universal life insurance policy issued by Genworth Life and Annuity Insurance Company […]

ATTORNEY NEWSLETTER Genworth Life and Annuity Insurance Company Whole Life Insurance If you are over age 60, live in California, and have cancelled (or surrendered) a whole or universal life insurance policy issued by Genworth Life and Annuity Insurance Company where you lost or may have lost money, contact the […]

ATTORNEY NEWSLETTER Policyholders Risks on Universal Life Insurance A hidden risk that premiums can skyrocket lies in universal life insurance. Unlike term and whole life insurance, universal life policies allow flexible premium payments but those payments can skyrocket over time leaving consumers with the poor choice of paying a much […]

ATTORNEY NEWSLETTER Beware the Sales Push on Indexed Universal Life Insurance Life Insurance and Retirement Savings Indexed universal life insurance policies (IULs) have been around for years. The sales pitch is always better, tax-deferred, returns on investment.  Some insurance carriers are shifting focus entirely from indexed annuities to IULs as […]

ATTORNEY NEWSLETTER Surrender Charges and Fees on Whole and Universal Life Insurance If you are over age 60, live in California, and have surrendered a whole or universal life insurance policy, you may have paid a surrender penalty. You may also have suffered a tax loss on the surrender. Lastly, […]