Deferred Annuity A deferred annuity is a contract you make with an insurance company. In exchange for paying over a sum the insurance company promises to pay you regular income payments at a future date. This is opposed to an immediate annuity which begins payments on the spot. In this article, we will go [...]
Universal Verses Variable Universal Life Insurance Universal life insurance and variable universal life insurance are both types of permanent life insurance. In this article, we will compare universal verses variable universal life insurance so you can decide what is best for you. Universal Life Insurance Basics With universal life insurance you are able to [...]
8 Types of Long Term Care Facilities We are living longer lives, but this increases the need of long term care for most adults later in life. According to the Administration for Community Living, adults that are 65 now have a 70% chance of needing long term care. Of these 20% will need care [...]
Fixed Annuities and Retirement As retirement draws closer, having sources of guaranteed income becomes vital. A fixed annuity can prove to be a steady income stream that supplements other retirement resources. In this article, we will go over the basics of how fixed annuities work, and how you can incorporate one into your retirement [...]
Common Disability Insurance Terms Disability insurance is a type of insurance that will help to replace part of your income in the case you become disabled and unable to work. In this article, we will go over common disability insurance terms that you should be familiar with before purchasing a policy. Extent of Disability [...]
IRA vs. Annuity What is the difference between an IRS vs. annuity? They both are a tax advantaged way to save for retirement. On one hand, an IRA is a vehicle that holds assets like stocks, bonds, and mutual funds. Whereas an annuity is an insurance asset designed to produce income. In this article, we [...]
Insurance Premium Basics An insurance premium is the price you pay an insurance company for a policy. Premiums are used in health, auto, home and life insurance policies. Failure to pay the premium can result in the cancellation of your policy. In this article, we will go over the basics of how an insurance [...]
How to Choose Life Insurance Purchasing life insurance is an important part of your financial plan. But it can feel like an overwhelming process. In this article, we will go oversteps on how to choose life insurance. Figuring Out What You Need The first thing you need to choose about life insurance is how much [...]
8 Things You Should Know About Long Term Care Insurance Long term care insurance is a special type of insurance that can cover you financially in the instance that you require costly long term care. In this article, we will go over 8 things you should know about long term care insurance. 1. You Will [...]
10 Things You Need to Know About Annuities Annuities are commonly misunderstood. But they can be useful investment planning tools. In this article, we will go over 10 things you need to know about annuities to be in a better place to utilize them properly. 1. What is an Annuity? An annuity is a [...]
