Are You A Victim of Senior Annuities Fraud?

Contact Me Right Away to Take Action

Over and over, it seems as though our senior citizens get the short end of the stick. In insurance, this is no exception. Many companies will attempt to mislead senior citizens and convince them to purchase annuities that is inappropriate for their needs. As a growing field of investment, it is important that elders taken advantage of by insurance companies have legal actions taken on their behalf.

I, Attorney Jessica Taylor, want to make sure that senior citizens are protected from the predatory practices of insurance companies and their brokers and can live through their retirement in peace. The best way to do this is by aggressively punishing companies that stoop so low. When you retain a San Antonio bad faith insurance lawyer, you are taking the necessary step to protect yourself.

What are annuities & how am I affected?

Annuities happen when a contract is developed between a person and their insurance company where the insurance company agrees to make periodic payments following the payment of the contract. This is appealing because they are oftentimes tax-deferred and generally less expensive than other forms of insurance. However, before a person can begin collecting on the annuity, they must go through a period of accumulation of earnings and fees before these are distributed out. If they need to obtain the money before the distribution time, they face huge penalties.

Insurance companies will cater these plans to seniors without informing them that they can expect a return on their investment longer than their reasonable life expectancy. If they do not collect the annuity before their death, the insurance companies keep the total amount of the investment. They oftentimes rely on miscommunication, withholding information, and false claims in order to

There are many ways that insurance companies will mislead seniors regarding annuities:

  • Long accumulation and maturation periods
  • Large penalties for early withdrawal
  • Inability to access funds when needed
  • High annual costs to maintain
  • Excessive commissions to brokers
  • Risky sub-accounts

It is understandable that our elders are looking to protect their assets, leave funds for loved ones, and make sure that they have a comfortable retirement. It is unacceptable for insurance companies to prey on the elder population and coerce them into purchasing insurance that they will never see the benefits of as a way to bolster their own funds.

Schedule a Free Case Consultation With Attorney Jessica Taylor

If you or a loved one have been taken advantage of by an insurance company due to senior annuities fraud, you need the guidance and support of a skilled San Antonio senior annuities fraud attorney. I spent a portion of my career defending insurance companies in lawsuits, so I know first-hand the tactics that are used when these companies respond to claims.

Contact The Law Office of Jessica Taylor Professional LLC for representation in your fight to protect your finances and future from manipulative insurance companies!

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