Permanent life insurance provides lifelong protection and is known by a variety of names. These policies are designed and priced for you to keep over a long period of time. If you don't intend to keep the policy for the long term, it could be the wrong type of insurance for you.
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The Basics
Why do I need Life Insurance?
Life insurance is an essential part of financial planning. One reason most people buy life insurance is to replace income that would be lost with the death of a wage earner.
Annuities are financial products that can provide a steady income stream during retirement. Among the various types of annuities, fixed and indexed annuities are particularly popular for their potential to offer predictable earnings and protection against market downturns. Here's a closer look at both types of annuities, including how they work and their potential benefits and drawbacks.
