ATTORNEY NEWSLETTER Are there annual fees insurers charge in universal life insurance policies? Yes.  Most insurance carriers charge certain fees and expenses in each policy year of a universal life insurance policy.  Sometimes these fees are referred to as cost of insurance (“COI”) or mortality rates or similar names.  COI […]

ATTORNEY NEWSLETTER Are there annual fees insurers charge in life insurance policies? Yes.  Most insurance carriers charge certain fees and expenses in each year of an indexed universal life insurance policy.  Sometimes these fees are referred to as cost of insurance (“COI”) or mortality rates or similar names.  COI rates […]

ATTORNEY NEWSLETTER Are there annual fees insurers charge in life insurance policies? Yes.  Most insurance carriers charge certain fees and expenses in each year of an indexed universal life insurance policy.  Sometimes these fees are referred to as cost of insurance (“COI”) or mortality rates or similar names.  COI rates […]

ATTORNEY NEWSLETTER Deferred Policies Carry High Expenses And Fees Surrender Charges/Withdrawal Penalties Lock You In Investment Risk Is Not Insured Against 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 […]

ATTORNEY NEWSLETTER Indexed Universal Life Policy Disadvantages Escalating Premiums Complexity And Surrender Penalties Evans Law Firm, Inc. generally cautions against indexed universal life insurance and deferred annuities for senior consumers because these insurance products are expensive, complicated, and tie up invested money for long periods of time.  Deferred annuities are […]

ATTORNEY NEWSLETTER Security Benefit Life Insurance Company Total Value Annuities (TVAs) The life insurance and annuity attorneys at Evans Law Firm, Inc. represent California clients who have suffered losses on all types of life insurance and annuity contracts, including indexed annuities and equity indexed universal life insurance. Indexed annuities are […]

ATTORNEY NEWSLETTER Indexed Universal Life Insurance (IULs) Pacific Life Insurance Company IULs Indexed universal life insurance (IULs) are often sold by agents as savings vehicles for the future. These policies can be costly and complicated. A number of carriers offer IULs.  Pacific Life Insurance Company (usually referred to just as […]

ATTORNEY NEWSLETTER Types of Life Insurance The Differences Between Term, Whole Life, and Universal Life Insurance Particular Questions for Seniors Life insurance agents sell life insurance in three forms: term, whole, and universal policies.  Agents primarily approach seniors with whole or universal life insurance options.  The premiums on those policies […]

ATTORNEY NEWSLETTER Balanced Growth Accumulator Indexed Universal Life Insurance From Minnesota Insurance Company/Securian Financial Minnesota Life Insurance Company (“Minnesota Life”), part of Securian Financial Group, issues indexed universal life insurance policies in California and throughout the United States under the trade name Balanced Growth Advantage© or Balanced Growth Accumulator©, and […]

ATTORNEY NEWSLETTER Dangers of Premium Payment Loans Tax Consequences Borrowing against a whole life insurance policy can have serious economic and tax consequences down the road if policyholders are not careful. Insurance agents use the fact that policyholders can borrow against the cash value of whole life policies as part […]