ATTORNEY NEWSLETTER Full and Partial Surrenders or Cancellations of Athene Annuity and Life Company Annuities Athene Annuity and Life Company, formerly Aviva Annuity and Life Company,[1] issues fixed indexed annuities in California.  These contracts, like all deferred annuities, include penalties for early withdrawals, known as surrenders.  Surrenders may be full […]

ATTORNEY NEWSLETTER Full and Partial Surrenders or Cancellations of Athene Annuity and Life Company Annuities Athene Annuity and Life Company, formerly Aviva Annuity and Life Company,[1] issues fixed indexed annuities in California.  These contracts, like all deferred annuities, include penalties for early withdrawals, known as surrenders.  Surrenders may be full […]

ATTORNEY NEWSLETTER Beware Fixed Index Annuities Phantom Bonuses and Other Downsides Insurance agents and financial advisors are increasingly using our low interest rate/volatile stock market environment to push a product called fixed indexed annuities. Agents claim the contracts offer the upside of market increases (the “indexed” part) with downside protection […]

ATTORNEY NEWSLETTER Genworth Life and Annuity Insurance Company Whole Life Insurance Required Disclosures to Senior Policyholders If you are over age 60, live in Marin County or elsewhere in California, and have cancelled (or surrendered) a whole or universal life insurance policy issued by Genworth Life and Annuity Insurance Company […]

ATTORNEY NEWSLETTER Annuity Scams Targeted At Seniors Annuity Fraud On average, a senior victimized by financial elder abuse loses over $140,000. That level of monetary loss is devastating.  Unscrupulous insurance agents are among the financial predators on seniors, selling them unsuitable annuities and life insurance that line agents’ pockets with […]

ATTORNEY NEWSLETTER Plan Retirement Investments With Care Avoid Deferred Annuities With Steep Surrender Charges and Certain Types of Life Insurance The closer you get to retiring the more you try and save for the future. While saving as much as you can is important, where you put those savings is […]

ATTORNEY NEWSLETTER Beware Fixed Index Annuities Americans pump billions into complex fixed indexed annuities every year. Insurance agents push the annuities as a safe bet in volatile markets – they’ll tell you the policy offers the upside of market increases (the “indexed” part) with downside protection (the “fixed” part).  Advertised […]

ATTORNEY NEWSLETTER Be Wary of Annuities Commissions, Fees and Surrender Charges Drain Your Savings One commentator recently summed it all up when it comes to annuities: “Annuity companies and annuity peddlers are making boatloads of money from you.”[1]  It’s the truth.  Annuities are among the highest commission financial products out […]

ATTORNEY NEWSLETTER Beware of Deferred Annuities Many analysts see a market correction on the horizon as severe as the drop ending the dotcom bubble back in 2000. Insurance agents seize on such negative forecasts when pushing seniors and those soon to retire toward fixed or indexed annuities and life insurance. Proceed […]

ATTORNEY NEWSLETTER Seniors Beware of Deferred Annuities The devil’s in the details. The old idiom is true of much in life. Insurance contracts surely live up to the saying, and none more so than complicated annuities. The Alameda County and California financial elder abuse, annuities and securities attorneys at Evans […]