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Dec 2, 2019 by |

San Francisco and California Financial Elder Abuse Attorneys: Financial Elder Abuse By Insurance Agents


How Insurance Agents May Financially Exploit Seniors

Unscrupulous insurance agents, financial advisors and trustees target vulnerable seniors for financial elder abuse. A recently reported California case[1] illustrates what can happen to unsuspecting elderly consumers.  According to a complaint filed by an elderly couple in Southern California, an independent insurance agent allegedly sold them an annuity after the couple gave the agent a blank check for what they understood to be a revised trust the agent was preparing.  According to allegations in the complaint, the agent used papers the couple provided to transfer $100,000 out of their bank account to purchase the annuity.  The agent allegedly earned a $9500 sales commission on the sale.  After the sale, the couple was left with only $14,000 in savings according to their complaint against the agent and the issuing carrier.  According to the Los Angeles Times, the couple won a jury verdict against the carrier for $3.1 million and the case is now on appeal.

Allegations in the case illustrate how an insurance agent or other financial advisor could potentially exploit an elderly couple. The San Francisco financial elder abuse lawyers at Evans Law Firm, Inc. represent clients harmed by insurance agents and carriers, financial advisors, caregivers, trustees and others who financially exploit seniors. If you or a senior loved one has been the victim of financial elder abuse, contact our attorneys today at (415) 441-8669 and we can help. 

The litigators at Evans Law Firm have experience with these types of cases involving financial elder abuse. We know the legal standards of conduct expected of insurance agents, advisors and trustees under California law. We fight for justice for injured seniors and pursue all available remedies against all responsible parties.  California law provides restitution, extra damages, and awards of attorneys’ fees and costs incurred in bringing a successful action for financial elder abuse.  Our lawyers can help you get those remedies if you’ve been financially exploited.

Contact Us

If you are the victim of wrongdoing by an insurance agent, financial advisor, caregiver, trustee, or other persons in San Francisco or elsewhere in California, contact Ingrid M. Evans and our other financial elder abuse and annuities attorneys at (415) 441-8669, or by email at <a href=””></a>. Our attorneys have experience with complex securities cases, arbitrations, and mediations; and complicated financial contracts and large insurance companies.  We can help guide your case through a jury trial or toward an equitable settlement.  We also handle cases involving physical and financial elder abuse, other types of qui tam and whistleblower cases, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

[1] Evans Law Firm, Inc. was not involved in the case in any way.

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