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