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Are Annuities Bad, Ugly Or Good?

It all depends on the kind of annuity and what your specific needs are. An annuity is the investment of a lump sum of cash to produce a monthly income stream either for life or a fixed period of time. The income may start right away (immediate annuity) or at some future point in time (deferred annuity). The issuers do not insure or protect the funds. It isn’t always a given how large the future monthly checks will be – it depends on if the annuity is variable or fixed. THERE ARE ALL DIFFERENT KINDS OF ANNUITIES THAT ARE AVAILABLE:…

How Much Should You Pay For Disability Insurance?

Consider this: if a 30-year old individual pays $37.84/month or $454/year for disability insurance that has a monthly benefit of $2,500, he or she would have paid a total sum of $6,810 by the time he/she reaches 45 years. On the other hand, at the age of 45, a person’s chances of having a disability would increase by at least 40% with the length of the disability lasting for about 5.8 years. If the individual really suffers a disability at the age of 45 and is too hurt to work, he or she should collect the benefits for 2.7 months….

Is An Annuity An Investment Or An Insurance Policy?

Anyone who is thinking about, or attempting to prepare for their retirement may consider whether or not they should buy an annuity. This is simply something that someone would purchase through a major insurance company and their purchase would guarantee that they would receive a certain monthly payment for the remainder of their lifetime. As with any investment, it can be the right decision under some circumstances and a wrong decision under other circumstances. WHY AN ANNUITY IS NOT ALWAYS THE RIGHT CHOICE Buying an annuity under the wrong circumstances will certainly lead to regret. For this reason, it is very…

Why Do I Need Life Insurance?

Life insurance has been part of the estate planning process in the United States for a very long time. Although it isn’t necessary for life insurance to be a part of every individual’s estate plan, it often can be useful, particularly for parents who have young children as well as those who are supporting a disabled child or adult or their spouse. LIFE INSURANCE NOT ONLY HELPS TO SUPPORT Life insurance not only helps with supporting dependents, but at death can also help to provide survivors with immediate cash. Insurance proceeds are a very useful source of money to help…

Why You Should Purchase An Annuity: 5 Real Life Reasons

There are many financial advisors who believe they are doing all of their clients a big favor when they tell them that they will never have them invest in annuity. That isn’t very surprising given all of the negative media attention that annuities receive. There are numerous reasons why some people shouldn’t purchase an annuity. You are probably already aware of some of them if you have ever researched the topic. However, you also need to understand that there are very specific purposes that annuities serve, and an annuity can truly be a game-changer for you if one of those…

Everything You Need To Know About The Benefits Of Disability Insurance

It is impossible to know when a tragedy is going to strike you or your family. In the blink of an eye, there could be a devastating accident, sudden illness, or any other type of misfortune that you were not expecting. With this in mind, one can see the need to have disability insurance. This will allow your life to go on in a somewhat normal fashion while you are unable to work. The premiums for this type of insurance are going to vary by your income, age, type of employment, and the various policy provisions you choose. It is…

The Need For Disability Coverage

You have planned for everything and you think that everything is perfect as far as your financial life is concerned. You have made the ideal plan that will help you reach your goals that include ample life insurance and enough retirement savings to provide adequate protection to your family in case of your death while the family is still dependent on you for income. However, you must have left a big gaping hole like most others that can quickly dismantle all the planning you have done so far. It is the failure to plan for the risk of becoming disabled…

The Benefits Of Buying Your Own Disability Insurance Policy

Insurance is used by Americans for protecting a variety of assets including jewelry, homes as well as their cars. However, many people simply do not care about their ability to work and earn a comfortable living which is their most important asset. This is dangerous, especially when you consider the fact sheet released by the Social Security Administration stating that more than 25% of 20-year-olds today may become disabled before they turn 67. Also, if you get ill or disabled early due to an injury or disease, you will lose much more than a sedan or a house in terms of lost…

Three Reasons Why You Should Have Disability Insurance

If asked, most people have a difficult time explaining exactly what disability insurance is. It is actually not really difficult to define: Your paycheck is protected by disability insurance. If you have become ill or have been injured, a portion of your salary is paid by disability insurance until you are able to return to work. A survey by Life Happens found that most people would not be able to make it through a month without their paycheck before financial difficulties started to set. So, the importance of disability insurance is easy to see. You may be thinking that this…

Top 5 Reasons Why an Online Life Insurance Quote is for You

You are considering getting set up with an online life insurance quote, but you are not sure if that is something that you want to do or not. You do not want to start the process of getting a quote and then decide that you didn’t need to do that, but you also don’t want to ignore your opportunity to get set up with such a thing and with the information that it will give you. There are good reasons for you to get set up with a life insurance quote. You should consider getting an online life insurance quote….