Annuities Elderly

ANNUITY SALES - THE TAIL WAGS THE DOG Kathleen E. Kienitz, Esq.
Even if the elderly persons buying the annuities don’t have the misfortune of requiring nursing home care during the pendency of the term during which early withdrawal penalties apply, the annuities are very often not particularly attractive in terms of their returns when compared with ... Access Content

The Fight Against Inappropriate Annuities For Seniors And How ...
The Fight Against Inappropriate Annuities for Seniors and How Elder Law Attorneys Can Help - Elder Law Answers Articles He said the class representative in one of his cases is an elderly Hispanic widow whom an agent ... Read More

What Seniors Need To Know About Annuities
What Seniors Need to Know About Annuities Table of Contents What Seniors Need to Know elderly individuals have been taken advantage of by insurance agents who have manipulated them into purchasing an unsuitable annuity or replacing existing or ... Access Full Source

A Solid Investment For The Elderly
A SOLID INVESTMENT FOR THE ELDERLY I recently reviewed a situation using a combination of life insurance and a life annuity to generate a rules for the taxation of annuities, the taxable part is very low for elderly people. In this case, the ... View Doc

NOTES - Employee Benefit Research Institute | EBRI
Income from pensions and annuities. Gender⎯Elderly women derived a greater share of their income from Social Security and assets than elderly men in 2005. Social Security accounted for 50.0 percent of elderly women's income, compared ... Document Viewer

The Annuity Conundrum: Responding To The Abuse Of Elderly ...
While annuities are not insurance policies, they are typically issued by insurance companies. elderly person, cannot readily understand the terms. Furthermore, despite their arguments, most insurance companies completely ... Fetch This Document

Savings2Income Offers Personal Retirement Savings Advice For Overcoming Today’s Troubling Economic Situation
In response to The Washington Post’s article on the “fiscal trouble” facing future retirees, Savings2Income offers personal retirement savings advice to allay people’s concerns. (PRWeb March 04, 2013) Read the full story at http://www.prweb.com/releases/2013/3/prweb10485287.htm ... Read News

SECURITIES AND EXCHANGE COMMISSION Washington, D.C ...
Annuities to new, elderly customers. We consequently find that Brown and Collins willfully aided and abetted Prime Capital's violations of the books and records provisions and, as a result, were also a cause of Prime Capital's books and records violations. 4. ... View Doc

The Myth Of Medicaid Spend-Down - Center For Long-Term Care ...
Private pensions or annuities (8.0%), or income from assets (24.8%). By comparison, only 37.9% of this group's income elderly individuals and couples who have net worths in the range of $100,000 to $600,000 plus a home. For holdings over ... Return Doc

Annuity Class Action Litigation—Trends And Strategies For ...
Sale of improper variable annuities to elderly bank customers and failed to main-tain internal e-mails concerning these allegedly improper sales. Under the settle-ment, Citizens agreed to pay a $3 million civil fine and to offer all Massachusetts ... Retrieve Document

ANNUITY SUITABILITY WHY REGULATORS ARE CONCERNED
Of annuities to elderly consumers. The OCI ordered the agent to pay restitution to 40 elderly consumers, pay a $281,000 forfeiture, and revoked the agent’s license to sell insurance. ... Retrieve Full Source

National Academy Of Elder Law Attorneys (NAELA) Celebrates 15th Annual National Consumer Protection Week
Attorneys educate elderly and individuals with special needs on fraud and other forms of financial abuse.Washington, DC (PRWEB) March 04, 2013 The National Academy of Elder Law Attorneys (NAELA) proudly joins government agencies, advocacy organizations, and private sector groups nationwide to celebrate National Consumer Protection Week (NCPW), March 3-9, 2013. For the past 15 years, a broad ... Read News

COMMONWEALTH OF MASSACHUSETTS OFFICE OF THE SECRETARY OF THE ...
On the sale of annuities to the elderly. 54. Accordingly, by unlawfully engaging in the acts and practices set forth above in this complaint, Respondents violated sections 102(1) and (2) of the Act. 2. Massachusetts Regulation ... Read Full Source

Income Of The Elderly Population Age 65 And Over, 2008, P. 2
Based sources, including pensions and annuities and earnings, than elderly women. In 2008, pensions and annuities accounted for 21.8 percent of elderly men's income, compared with 16.8 percent of elderly women’s. Income from ... Retrieve Full Source

Investment Products And Sales Practices Commonly Used To ...
Annuities and buy investments purportedly offered through his own company. transferred the proceeds from those sales to the accounts of two elderly women who were also advisory clients. The adviser then forged the signatures of these ... Read More

Why You Should Avoid Equity-Indexed Annuities At All Costs
Annuities At All Costs The Problems, Traps, and Pitfalls of What I Believe Is The Worst Investment Vehicle In or other elderly relative, recently purchased an Equity-Indexed Annuity and you’re trying to understand what they’ve invested in ... Return Doc

The Life Care Annuity - Georgetown University
Rates and costs among the elderly. The Contingency Need for Long-Term Care Insurance annuities are not popular because they reduce considerably the financial flexibility of households to respond to emergencies and contingencies that ... Doc Retrieval

Regulation And Compliance—Variable Annuities
This is in keeping with the SEC’s concern that annuities are often marketed to the elderly, who may lack the mental competence to judge their own suitability for sophisticated products and riders. Principal Review and Approval: Rule 2821(c) ... Fetch Full Source