Life insurance is a contract between you and an insurance company that will pays a lump sum known as a death benefit to your beneficiaries after your death. It is an exchange for your premium payments with an insurance company.
Your beneficiaries can use this insurance to pay everyday bills, pay a mortgage or putting a child through college. Having the safety net of life insurance can ensure that your family can stay in their home and pay for the things that you planned for. Most common types of life insurance include Whole Life, Universal Life and Term Life Insurance.
An annuity is a long-term investment that is issued by an insurance company to safeguard you from outliving your incomes. Annuities are designed to give people with a consistent cash flow during their retirement years and to remove concerns about outliving their assets. Some investors may purchase an annuity contract if their assets are insufficient to maintain their quality of life.
Immediate fixed, immediate variable, deferred fixed, and deferred variable annuities are the four primary forms of annuities available to fit your needs. These four options are determined by two key considerations: when you want to begin receiving payments and how you want your annuity to develop.
NPN #18469548(Ca Lic:0L82681)(Mo Lic:8449439) (Arizona Lic:18469548)
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