ATTORNEY NEWSLETTER Understanding Annuities Tying Up Savings and Hidden Costs Annuities are insurance contracts sold to provide guaranteed income for life. Deferred annuities defer that income (and possibly taxes) until a future date. Insurance agents and advisors promote annuities as retirement savings vehicles. We at Evans Law Firm represent clients, […]

ATTORNEY NEWSLETTER Guggenheim Partners/Security Benefit Total Value Annuities (TVAs) The life insurance and annuity attorneys at Evans Law Firm Inc. represent clients who have suffered losses on all types of life insurance and annuity contracts, including indexed annuities. Indexed annuities are hybrid annuities that offer both a minimum fixed rate […]

ATTORNEY NEWSLETTER Problems with Annuities as Savings Vehicles Are Fixed or Variable Annuities Right for You? Insurance salesmen pitch fixed and variable annuities as savings mechanisms for retirement or other long-term goals such as college education savings. Retirement savings or a child’s college account are the last places customers want […]

ATTORNEY NEWSLETTER FINRA Concerns With L Share Annuities L Share Variable Annuities are a type of variable annuity where the surrender charge period under the contract is shortened to three or four years, as opposed to seven to ten years under standard variable annuities. L Share annuities have higher administrative […]

ATTORNEY NEWSLETTER Understanding Death Benefit Riders The Death Benefit Sales Pitch Chances are, if an agent has pitched you on an annuity, he or she touted its “death benefit” as a major selling point. According to the sales pitch, death benefits guarantee your heirs a return of your annuity premium […]

ATTORNEY NEWSLETTER Financial Elder Abuse Protections Expanding Over the past several years, financial elder abuse protections have expanded in the legislature, through industry regulation, and in the courts, particularly in California. The San Mateo County and California financial elder abuse attorneys at Evans Law Firm, Inc. have been in the […]

ATTORNEY NEWSLETTER: What Is Financial Elder Abuse? Financial elder abuse, along with physical elder abuse and psychological elder abuse, is one of the three major forms of elder abuse that poses a threat to the safety and wellbeing of older adults. Generally, it occurs when one person takes advantage of […]

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, […]

ATTORNEY NEWSLETTER Whistleblower Retaliation Case Before Supreme Court What is the Scope of Protection Against Retaliation? At the end of November, the United States Supreme Court heard oral arguments in Digital Realty vs. Somers, a whistleblower case involving securities fraud. The case demonstrates the complexity of whistleblower cases and questions […]

ATTORNEY NEWSLETTER Arbitration Clause in Nursing Home Admission Contract Struck Down Recently, a California appellate court refused to enforce an arbitration provision in a nursing home admission contract finding that the 94 year-old nursing home resident suffering from Alzheimer’s had not agreed to arbitrate disputes with the home. In the […]