ATTORNEY NEWSLETTER Annuities are complex products that often have hidden fees and costs. It is recommended that consumers carefully review any policy and consider their options before purchasing any annuity policy. Both indexed and fixed annuities have risks for the consumer. Penalties such as surrender charges and forfeiture charges can […]

ATTORNEY NEWSLETTER Consumers purchasing annuities or indexed universal life insurance policies should carefully review the policy, and research the risks involved in purchasing this type of investment. Aviva USA, and its parent company, Athene USA, is one of the biggest providers of annuities and life insurance products, including Indexed Universal […]

ATTORNEY NEWSLETTER It is recommended that consumers carefully review any policy and consider their options before purchasing any annuity policy. Annuities are complex products that often have hidden fees and costs, and may not be suitable for all investors, particularly senior citizens. Annuities often have surrender charges, making it difficult […]

ATTORNEY NEWSLETTER Thanks to new legislation recently signed by Governor Jerry Brown, insurance carriers in California will no longer be allowed to levy surrender charges against a policy’s death benefit. California elder abuse attorneys say that the law, which takes effect on January 1, 2016, will protect more senior citizens. […]

ATTORNEY NEWSLETTER A recent annuity fraud case in California illustrates the danger that annuities can pose to people’s finances, especially when it comes senior citizens. An insurance agent in Palm Desert was recently sentenced to more than nine years in prison and ordered to pay $3.4 million in restitution for […]

ATTORNEY NEWSLETTER Annuities are not always a suitable investment for the elderly, and they should educate themselves in order to avoid making a bad investment. Senior citizens hold two-thirds of the wealth in this country and the elderly population is increasing. As a result, elder financial fraud is growing as […]

ATTORNEY NEWSLETTER LIMRA Secure Retirement Institute has released its individual annuity company ranking list for 2014, The ranking list reveals some trends, including strong competition among carriers in the fixed annuity sector. According to the data from LIMRA Secure Retirement Institute, Jackson National was the overall winner for combined selling […]

ATTORNEY NEWSLETTER Indexed universal life (IUL) insurance illustrations often appear compelling, and can outperform traditional universal life (UL) illustrations. However, these illustrations can be misleading and set unrealistic expectations for consumers. It is important that consumers who are considering these policies understand these illustrations in order to make a suitable […]

ATTORNEY NEWSLETTER Apollo Global Management spent millions of dollars to invest in Caesar’s and Harrah’s casinos in 2013 to keep the company afloat, getting the cash from its life insurance division, Athene Life Insurance and Annuity Company. Indirectly, it became Athene Life Insurance and Annuity Company’s investment in the casino […]

ATTORNEY NEWSLETTER The Financial Industry Regulatory Authority and the Securities and Exchange Commission recently published a report regarding senior investors. The report sets forth new recommendations for firms that prepare and institute new policies for seniors. FINRA and the SEC “are concerned that some broker-dealers may be recommending riskier and […]