415-441-8669 | TOLL FREE: 888-50EVANS

Dec 10, 2014 by |

Seniors Should be Cautious When Purchasing Deferred Annuities


A report released by the Financial Conduct Authority in February 2014 said that the deferred annuities market is messy and that customers are not getting the deals that they deserve.

Deferred annuities are a type of investment popular with seniors and elders. Athene USA, known more as Aviva USA, is one of the major sellers of deferred annuities. However, deferred annuities are usually not right for seniors and elders because they have a long surrender period with a high surrender fee and can become very expensive. Seniors and elders should be careful when purchasing a deferred annuity and make sure they thoroughly understand what a deferred annuity is, what type of deferred annuity they’re purchasing, etc. Seniors and elders should consult someone they trust when considering the purchase of deferred annuities, but should also keep in mind that, in general, they are not right for seniors and elders.

In 2014, the government put a cap on the sale of deferred annuities. This cut to the deferred annuities market has prompted a possible merger of Athene USA, formerly Aviva USA, with Friends Life.

Evans Law Firm, Inc. handles physical and financial elder abuse cases, personal injury cases, banking/insurance fraud, consumer class action fraud, and whistleblower litigation. If you or someone you know has an annuity sold by Athene USA/Aviva USA and would like a free and confidential legal consultation of it, you may contact the Evans Law Firm, Inc. at 415-441-8669 or info@evanslaw.com.

Million Dollar Advocates Forum SuperLawyers Badge Best Lawyers Badge Avvo Lawyer Badge

Our Passion For Justice

415-441-8669 888-50EVANS

Hear What Our Clients Have To Say

"After a year of frustration working with the insurance company..my husband and I contacted Evans Law Firm. What a relief...within a month we had come to a resolution that was exceptable by all parties...THANK YOU EVANS LAW FIRM!"