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Feb 21, 2018 by |

San Francisco and California Annuity and Financial Elder Abuse Attorneys: Deferred Annuities


Understanding Annuities

Are Deferred Annuities Right for Seniors?

If you are over age 60, live in California and own a deferred annuity, the annuities and financial elder abuse attorneys at Evans Law Firm, Inc. can review the provisions of your contract at no cost to you.  The California annuity and financial elder abuse attorneys at our firm represent clients who have lost money on annuities due to contract charges or high fees and commissions.[1]  If you are over age 60 and have purchased a deferred annuity here in California call the Evans Law Firm today at (415)441-8669 for a free review of your contract.

Annuities are complex insurance products and the terms are often difficult to understand. Endorsements and extra coverages may be attached to your policy adding to the complexity and also to the annual fees.  Deferred annuities, whether fixed or variable, are illiquid and tie up your money for years.

Since annuities are insurance products, they also generate significant sales commissions for the producing agent. It takes a long time to recoup that money even if the annuity earns a return. Agents push the tax deferral benefits of deferred annuities.  But annual fees can make these investments more costly than direct investments in CDs, money market funds, or stock and bond index funds.  IRAs and 401(k) plans are also tax-deferred and direct investments under such plans may be a better savings vehicle in planning for retirement income.

Contact Us

If you or a loved one is over 60 and live here in California, contact San Francisco County and California annuities attorney Ingrid Evans and the other attorneys at Evans Law Firm, Inc at (415) 441-8669, or by email at <a href=””></a> for a free review of your policy.  Our attorneys have experience with complex financial contracts, annuities, and large insurance companies.  If you have grounds for a case against an agent or carrier, we can help guide your case through a jury trial or toward an equitable settlement.  We handle cases involving physical and financial elder abuse, qui tam and whistleblower law, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

Some of the major annuity and life insurance providers in California are listed below. We do not suggest that these carriers have done anything wrong or issued you an unsuitable annuity.  Rather, the list is provided solely for our readers’ convenience.

Allianz Life Insurance Company of North America

American Equity Investment Life Holding Company

American General Life Insurance Company

Ameriprise Financial/RiverSource Life Insurance Company

Athene Annuity and Life Company

AXA Equitable Life Insurance Company

Brighthouse Life Insurance Company

Fidelity & Guaranty Life Insurance Company

Forethought Life Insurance Company

Great American Life Insurance Company

Guggenheim Partners/ Security Benefit Life Insurance Company

Jackson National Life Insurance Company

Life Insurance Company of the SouthWest/National Life Group

Lincoln Financial Group/The Lincoln National Life Insurance Company

MassMutual/Massachusetts Life Insurance Company

Midland National Life Insurance Company

National Life Group/Life Insurance Company of the SouthWest

New York Life Insurance Company

North American Company for Life and Health Insurance

Pacific Life Insurance Company

Principal Life Insurance Company

Prudential Life Insurance Company

RiverSource Life Insurance Company/Ameriprise Financial

Security Benefit Life Insurance Company/Guggenheim Partners

Symetra Life Insurance Company

Transamerica Life Insurance Company

Voya/Reliastar Life Insurance Company

[1] We do not, however, provide investment or tax advice.

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"Contacted Ingrid on an elder financial abuse case - she was responsive, knowledgeable, and easy to work with. You can tell she is passionate about this area of law and has the experience to back it up. She is an excellent choice if you are looking for a results driven attorney and highly effective advocate."
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