Best annuities to buy in down economy

Best annuities to buy in down economy

As more and more Baby Boomers hit retirement age, the fallout from the recent economic downturn could force them to adopt more creative solutions to retirement security, including annuities, according to the New York Daily News.

Annuities are a financial instrument, typically sold by life insurance companies, that provides a guaranteed income based on the amount of money that is invested in it, the Daily News reports, adding that the investment can be made either in installments or in a lump sum.

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Use whole life insurance to pay unexpected expenses

Use whole life insurance to pay unexpected expenses

The economy is in rough shape and showing few signs of recovery. Add to that a retirement landscape experiencing dramatic shifts, rising healthcare costs and inflation, and you have a picture of retirement that few Baby Boomers would be tempted to call rosy.

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What affects individual life insurance premiums?

What affects individual life insurance premiums?

According to LIMRA’s third quarter 2013 individual life insurance sales survey, individual life insurance premiums remained level with the same period of 2012.

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Is your employer life insurance policy sufficient?

Is your employer life insurance policy sufficient?

Life insurance plans offered through an employer may not offer sufficient benefits to an employee’s survivors. Company-sponsored insurance plans are advantageous to young, single employees, but those with families should examine their policy to ensure it will cover their survivors’ needs.

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Why a term life insurance policy be a good idea?

Why a term life insurance policy be a good idea?

As people start making plans for their retirement years, it’s vital that they harsh out specific details – such as how much they will need to live on after they leave the workplace.

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What Is Permanent Life Insurance?

What Is Permanent Life Insurance?

Whole life or permanent life insurance protects you throughout the course of your life. There are four types of whole or permanent life insurance, according to the Life and Health Insurance Foundation for Education: traditional whole life, universal life, variable life and universal variable life.

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