Annuities are types of life insurance contracts that are issued by insurance companies to insure your income. While you might not be familiar with this type of policy, it’s used in almost every pension plan, both public and private, as well as many IRAs and other private retirement plans. Even though these contracts are commonplac [...]
The purpose of life insurance is to provide a source of income, in case of your death, for your children, dependents, or other beneficiaries.
Whether you need to buy life insurance depends on whether anyone is depending on your income. If you have a spouse, child, parent, or some other individual who depends on your income, you probabl [...]