Category: Investment Fraud

ATTORNEY NEWSLETTER Complicated Policies Are Difficult To Exit Investment Strategies May Underperform Market Returns Eroded By Commissions, Contract Fees And Caps Deferred annuities are not similar to mutual fund investments or electronically traded funds.  Instead, deferred annuities are long-term insurance contracts which require you to lose control over your investment, […]

ATTORNEY NEWSLETTER Specific Disadvantages For Seniors Exiting A Policy Is Costly Commissions, Fees, Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Evans Law Firm, Inc. generally advises older […]

ATTORNEY NEWSLETTER Deferred Annuities Are Not Good Choices For Seniors Exiting Deferred Annuities Is Costly Fees, Participation Rates And Caps Diminish Returns Whenever a life insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed […]

ATTORNEY NEWSLETTER Exercise Caution Whenever An Agent Recommends An Annuity Penalties For Exiting Deferred Annuities In Early Years Returns Eroded By Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up […]

ATTORNEY NEWSLETTER Misleading Life Insurance Agent Representations California Law On “Medicaid Annuities” Other Pitfalls Of Deferred Annuities For Seniors Whenever a life insurance agent or financial advisor of any kind suggests an annuity for you, be wary, especially if you are retired or nearing retirement.  Be especially cautious if the […]

ATTORNEY NEWSLETTER Potential Problems For Seniors Exiting Contracts Is Costly Investment Returns Eroded By Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Whenever an […]

ATTORNEY NEWSLETTER Getting Your Money Back Is Expensive Interest Crediting Rules Unlike For Mutual Funds Contracts Carry Fees Seniors are often targeted by insurance agents with proposals for deferred annuities. Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in […]

ATTORNEY NEWSLETTER Ponzi Scheme Targeting Mostly Older Customers Lost Savings And Homes At Risk Of Foreclosure Decades-Long Ponzi Scheme Seniors are often targets of Ponzi schemes, where money collected from new investors is used to pay existing investors, and there really is no actual investment of funds. Like the infamous […]

ATTORNEY NEWSLETTER Accused of Defrauding At Least 20 Clients Many Victims Were Seniors Or Disabled Persons SEC Says At Least $3 Million Stolen Financial advisors and stockbrokers are potential financial predators of senior citizens and disabled persons (dependent adults under California law).  Sometimes, the relationship between the broker and the […]

ATTORNEY NEWSLETTER Contract Expenses And Fees Exiting Is Costly Due To Withdrawal Penalties Annuities Are Not Insured Like Bank Deposits 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 […]