Category: Insurance Fraud

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 […]

ATTORNEY NEWSLETTER Former Agent Accused Of Stealing From Older Clients One Victim’s Family Member Alerts Authorities Withdrawals And Surrenders From Annuities Financial predators on seniors include in-home caregivers, insurance agents and other salespeople, bankers, trustees, conservators, financial advisors, brokers, contractors, second spouses, and girlfriends or boyfriends.  All seniors are potential […]

ATTORNEY NEWSLETTER Deceptive Sales Practices Downsides of Deferred Annuities For Seniors Avoid High-Pressure Sales Tactics Insurance agents are paid significant sales commissions on sales of certain forms of deferred annuity insurance products.  Any high-pressure or deceptive tactics to sell these products, and sales of unsuitable annuities, violate the law and […]

ATTORNEY NEWSLETTER Agents Target Seniors With Retirement Planning Seminars The Goal Is To Sell Annuities Resist The Hype And Understand The Disadvantages Events like “retirement planning seminars” or “retirement consultations” typically devolve into annuity sales pitches by the hosting insurance agent.  Whenever an agent approaches you to consider a deferred […]

ATTORNEY NEWSLETTER Seniors Targeted For Annuity Purchases Understand The Primary Disadvantages Always Get A Second Opinion Evans Law Firm, Inc. recommends seniors avoid deferred annuities because deferred annuity contracts are expensive and complicated and tie up a senior’s money for years.  Often, insurance agents out to make sales claims to […]

ATTORNEY NEWSLETTER Agents Target Seniors To Buy Annuities Annuities Aer Expensive And Tie Up Your Money For Years Substantial Penalties For Withdrawals During Early Contract Years Evans Law Firm, Inc. recommends seniors avoid deferred annuities because deferred annuity contracts are expensive and complicated and tie up a senior’s money for […]

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 […]

ATTORNEY NEWSLETTER Retirees And Those Near Retirement Targeted  Seminars And Other Questionable Sales Tactics Understand How Annuities Work  Insurers, brokers and agents direct annuity marketing toward those planning to retire soon, and recent retirees who have their retirement savings in 401ks or other employer=sponsored plans.  Every time, an agent sells […]

ATTORNEY NEWSLETTER Complex Policies Not Easily Understood Return Calculations Complicated  Surrender Penalties, Increased Premiums, And Policy Lapses Evans Law Firm, Inc. generally cautions against indexed universal life insurance (IULs) for senior consumers because IULs are expensive, complicated, and tie up invested money for long periods of time.  One observer put […]

ATTORNEY NEWSLETTER Aggressive Sales Tactics Inadequate Supervision And Omissions Of Important Information Misleading Sales Materials Annuity fraud takes place when seniors are sold annuity products they do not want or need. Insurance agents push these products because the sales generate substantial commissions and the carriers receive large premium payments. Evans […]