Annuities

What’s The Difference Between Life Insurance And Annuities?

While annuities and life insurance have similarities, such as offering retirement income, they are not the same and work in seemingly opposite directions. In comparison, life insurance is designed to provide your family with a lump-sum payout when you die, while annuities serve as safety nets for you by providing you with a lifetime of …

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Should I Buy An Annuity?

Annuities were originally designed to transfer a lump sum of funds into a stream of income for a specific period or for life. They were created for those who need a fixed, guaranteed monthly income. An annuity is a contract between you and an insurer. You fund your annuity with either an increment over time …

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