Is Variable Life Insurance Appropriate for You?
When considering life insurance options, weighing all factors before deciding is crucial. One such option is variable life insurance. This product combines protection with an investment component, which may appeal to individuals who are comfortable with market risk and are pursuing long-term financial goals. However, it is not appropriate for all investors. Here’s what to know before buying a policy.
The Retirement Wave and Fixed-Indexed Annuities
As we move into the 21st century, we observe the rise of the “Retirement Wave.” According to AARP International, many of the baby boomer generation are now transitioning into retirement, with about 10,000 people turning 65 daily. This significant demographic shift is fundamentally changing the landscape of retirement planning, including using fixed-indexed annuities.
Annuity Riders: Which Ones Are Suitable for You?
Annuities are a contract with an insurance company that provides a steady stream of income to the insured. Annuities are potentially for life. They can be an important part of retirement income planning for many individuals.