ATTORNEY NEWSLETTER Questionable Annuities Sales Tactics High Commissions Drive Sales Steep Withdrawal Penalties And Lengthy Surrender Periods Agents receive substantial commissions for the selling annuities to seniors. Often annuity sales are closed on incomplete information. The consumer may not understand how these complicated contracts work and for seniors this can […]

ATTORNEY NEWSLETTER Agents Target Seniors With Unsuitable Deferred Annuities Withdrawal Penalties And Taxes On Surrenders Avoid Expensive Exchanges Or Switches Of Policies Agents push deferred annuities for senior consumers because sales generate substantial commissions.  Evans Law Firm, Inc. recommends seniors avoid deferred annuities, based on years of representing older consumers […]

ATTORNEY NEWSLETTER The Adverse Impact Of Certain Annuities Fees And Zero Returns In Rising Markets Penalties On Exiting Policies Annuities are complicated investments. Some bear complex qualities of both insurance and securities products. Annuities can be structured as deferred or immediate.  Deferred annuities can be variable or fixed, or a […]

ATTORNEY NEWSLETTER New California Attorney General Urges Greater Protection Congressional Legislative Initiatives To Protect The Elderly  Attorney General Bonta Focuses On Financial Exploitation Of Seniors Authorities from around the country are reporting record spikes in financial elder abuse cases during the pandemic. The FBI estimates that nearly $3 billion is […]

ATTORNEY NEWSLETTER SEC Alert: Stories From The Front Line Major Red Flag: Spectacular Returns and “Guarantees” Seek Help If You Have Been Defrauded One significant forms of financial elder abuse is the sale to seniors of unsuitable insurance products.  These products, such as deferred annuities and some unsuitable life insurance […]

ATTORNEY NEWSLETTER Carriers Pay Large Commissions On Annuity Sales High-Pressure Sales Tactics And Anxiety About The Economy Dangers In Replacing Existing Contracts Financial advisors and insurance agents often capitalize on the anxiety older persons have about the economy and whether they will have enough money to live on in the […]

ATTORNEY NEWSLETTER Increased Isolation And Financial Abuse Caregivers Can Be Predators  Napa Caregiver Registration Authorities from around the country are reporting record spikes in financial elder abuse cases during the pandemic. Financial elder abuse is also on the rise here in Napa.  Periods of high unemployment and economic downturn such […]

ATTORNEY NEWSLETTER  Isolation Primary Risk Factor For Elder Abuse Perpetrators Exploit Isolated Elderly How You Can Help Isolated Seniors The persistence of unintended consequences from the best of intentions has a sad impact on seniors in this pandemic.  The very same safety measures put in place to isolate and protect […]