ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities For Older Consumers Surrender Penalties And Fees Six Major Downsides Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Deferred annuities impose significant surrender […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complex Products What To Watch For Avoid Replacements And Exchanges Deferred annuities are complicated investments.  Some bear complex qualities of both life insurance and securities products; contracts run from 50 to 100 pages or more and are filled with technical language and actuarial tables. Insurance agents […]

ATTORNEY NEWSLETTER Understanding Fixed Indexed Annuities Fees And Complicated Return Calculations  Lengthy Surrender Periods  Agents who sell deferred annuities like fixed indexed annuities to seniors receive a commission as high as 10% on the sale. Fixed indexed annuities are sold during times of volatile markets as offering security against falling […]

ATTORNEY NEWSLETTER Disadvantages For Older Consumers Especially Limitations On Returns And Accumulated Fees Getting Out Of An Annuity Is Expensive Evans Law Firm, Inc. recommends that seniors avoid deferred annuities because over the years we have seen many older consumers lose money on deferred annuities as the result of high […]

ATTORNEY NEWSLETTER Beware High-Pressure Sales Tactics Beware High Surrender Charges Beware Agents Urging You To Switch Annuities Insurance companies may offer commissions as high as 10 percent to agents who sell products like long-term deferred annuities to senior citizens. In this environment, consumers should arm themselves with information to protect […]

ATTORNEY NEWSLETTER Allegations Of Unauthorized Credit Card Use And Forgery Family Discovers Financial Irregularities Caregiver Allegedly Increased Reverse Mortgage Balance As we have written before, every time a stranger or caregiver enters the home of an elderly person there is a risk of financial elder abuse.  We have seen cases […]

ATTORNEY NEWSLETTER Avoid The Hype On Fixed Indexed Annuities Complex Insurance Products With High Commissions And Fees Replacement Transactions Especially Risky And Costly COVID-19 has created serious uncertainty in markets and left many investors jittery about the country’s economic future and the performance of markets in the years ahead climbing […]

ATTORNEY NEWSLETTER Cash, Credit Cards, Jewelry And Valuables Can Disappear A Single Caregiver Targeting Multiple Victims Protecting Older Loved Ones During The Pandemic Whenever a stranger enters the home of an elderly or disabled person, there is always a risk that something might be stolen.  It’s a sad truth but […]

ATTORNEY NEWSLETTER Isolation Is Breeding Ground For Financial Abuse Unauthorized ATM Withdrawals Make Up Greatest Percentage Of Losses  Helping Isolated Seniors Throughout the United States and here in California and Santa Cruz County, incidents of financial elder abuse have skyrocketed as a result of the isolation of seniors, and the […]