Fixed Annuities Can Be a Top Security Asset for Women

Fixed Annuities Can Be a Top Security Asset for Women

But by its design an annuity works a little differently. An annuity offers guaranteed income for life, if you choose it to work that way. And you invest money into it same as you would any other money market account, like a 401k.
This is particularly likely for women, according to a recent report by New York Life Insurance Company, who traditionally endure a significantly longer retirement than men despite weathering the same economic conditions beforehand. The company said that women accounted for 64 percent of customers with fixed immediate annuities in 2009.

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Why Is Disability Insurance Important?

Why Is Disability Insurance Important?

Many unexpected life events can render consumers incapable of earning the income needed in order to provide for their family.

Purchasing life insurance coverage can protect against the financial consequences of a death, while disability insurance may help your income endure short- or long-term injuries. A recent report by research organization LIMRA indicated that many consumers are not taking precautions against the latter.

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How Important Is Life Insurance to Good Financial Planning?

How Important Is Life Insurance to Good Financial Planning?

Life insurance is the cornerstone of sound financial planning. It provides financial security for your loved ones when you die, so picking the right life insurance company is an important decision, according to the Insurance Information Institute (I.I.I.). “The goal is to find a financially stable company with a solid reputation for customer service,” says Jeanne M. Salvatore, vice president for consumer affairs at I.I.I. “With nearly 1,500 insurers offering policies, life insurance is a…

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Does Life Insurance Cover Death By Radiation Poisoning?

Does Life Insurance Cover Death By Radiation Poisoning?

Radiation leaks from Japan’s earthquake-damaged Fukushima nuclear power plant – and traces of radiation from that leak – traveled across the Pacific Ocean to California’s coast and the event has some Americans wondering if their life insurance policy covers death by radiation. The answer is yes, according to insurance experts. “As long as the radiation-caused death wasn’t a suicide, and even if it was, if the suicide occurred after the policy’s one-year or two-year suicide-exclusion…

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