Questions to Ask Before Buying an Annuity

Questions to Ask Before Buying an Annuity

An annuity is a life insurance product that pays periodic income benefits for a specific period of time or over the course of your lifetime. Annuities are long term investments. They can allow you to save money on a tax deferred basis or provide you with retirement income immediately, and they protect you against outliving your assets. There are several different types – some provide a guaranteed fixed income and others invest in the stock market and provide a variable income. While annuities can be a great choice, they are not for everyone.

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What do I need to know about annuities?

What do I need to know about annuities?

Many consumers buy life insurance for the financial security it may provide to their family or other loved ones when they die. While the death benefit is the primary purpose of life insurance, few consumers know that permanent life insurance can also help them during their lifetime, according to The Hartford. Here is a list of benefits that a life insurance policy can provide.

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