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Category: Insurance Fraud

Sep 24, 2022 - Annuities by |

Napa County Financial Elder Abuse And Annuity Attorney: Main Drawbacks Of Deferred Annuities For Seniors

ATTORNEY NEWSLETTER Long-Term Contracts With Surrender Penalties Loss Of Control Over Investments Low Or no Interest And High Fees Deferred annuities, such as fixed indexed annuities, are long-term, complex insurance policies which require you to lose control over your investment.  Some contracts may earn little to no interest, and if […]

San Francisco Financial Elder Abuse Attorney: Insurance Agents and Financial Elder Abuse

ATTORNEY NEWSLETTER Insurance Agent Diversion Of Funds Dishonest Agent Accesses Accounts Former Employees Alerted Authorities Of Irregularities Financial elder abuse causes billions of dollars of losses to older Americans and their families every year.  In many cases, the results are devastating.   All seniors are potential victims to financial predators, including […]

Los Angeles Financial Elder Abuse Attorney: Fraud Investigation Leads To Arrest Of Insurance Agent Who Allegedly Stole From Elderly Customer

ATTORNEY NEWSLETTER Department Of Insurance Commissioner Announces Arrest Employees Reported Agency Irregularities Arrest Warrant Issued Following Investigation All seniors are potential victims to financial predators, including insurance agents and other salespeople, bankers, trustees, conservators, financial advisors, brokers, caregivers, contractors, second spouses, stepchildren, girlfriends or boyfriends and anyone who holds a […]

Jul 21, 2022 - Annuities by |

California Annuities Attorneys: Nationwide New Heights Fixed Indexed Annuities And J.P. Morgan MOZAIC I and MOZAIC II Strategies

ATTORNEY NEWSLETTER Nationwide Life and Annuity Insurance Company Annuities Nationwide’s New Heights© Products J.P. Morgan MOZAIC I and MOZAIC II Investment Strategies 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©, Nationwide High […]

Riverside County Financial Elder Abuse And Annuity Attorney: Beware Elders And Retirees: Deferred Annuities Are A Poor Choice For Seniors

ATTORNEY NEWSLETTER Be Cautious About Retirement Planning Seminars Deferred Annuities Are Complex, Expensive Insurance Policies Surrender Charges On Withdrawals Marketing for deferred annuities is often directed toward those planning to leave the workplace in the near future.  Unions, trade groups, investment advisory firms, insurance agents and others may invite soon-to-be-retired […]

San Francisco Financial Elder Abuse Attorney: Senior Consumer Problems With Indexed Universal Life Policies

ATTORNEY NEWSLETTER Disadvantages of Indexed Universal Life Insurance For Seniors Increasing Premiums And Policy Lapses  Surrender Charges  Evans Law Firm, Inc. generally cautions against certain forms of indexed universal life insurance (IULs) for senior consumers because IULs are expensive, complicated, and tie up invested money for long periods of time. […]

San Francisco Financial Elder Abuse Attorney: Insurance Agent Pleads Guilty To Stealing $1,300,000 From Elderly Client

ATTORNEY NEWSLETTER 79-Year-Old Victim Convinced Victim To Surrender Life Insurance And Annuities Used Victim’s Money To Pay Off Other Defrauded Customers All seniors are potential victims to various financial predators.  Financial predators on seniors include in-home caregivers, retirement planners, insurance agents and other salespeople, bankers, trustees, conservators, financial advisors, brokers, […]

Jun 19, 2022 - Annuities by |

San Francisco Financial Elder Abuse And Annuity Attorney: Why Deferred Annuities Are A Poor Choice For Seniors

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 […]

Jun 13, 2022 - Annuities by |

Los Angeles Financial Elder Abuse And Annuity Attorney: Be Cautious About Deferred Annuities

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 […]

May 31, 2022 - Annuities by |

San Mateo County Financial Elder Abuse And Annuity Attorney: How Deferred Annuities Work

ATTORNEY NEWSLETTER Understand Penalties On Withdrawals  Fees And Other Hidden Costs Beware High-Pressure Sales Tactics “Our older citizens, understandably concerned with rising living and medical costs and even pension uncertainties, are being targeted by unscrupulous financial predators,” said a top State securities regulator recently.  The regulator has brought a string […]

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