The "living benefits" of annuities can help you grow your retirement savings and provide regular income in retirement. The advantages for your loved ones, including beneficiary protection, mean annuities can play a crucial role in your legacy plan.
Your life insurance policy has an important place in your legacy plan; it is designed to protect your loved ones. You can also consider giving your life insurance policy to your spouse, child or an irrevocable trust. This removes the policy from your taxable estate and can reduce the taxes that your heirs will face.
Protecting assets is an importance part of leaving a legacy. By helping to cover the significant costs associated with receiving long-term care, a long-term care (LTC) insurance policy helps you to preserve your assets for their intended purpose.
Steve's story is a hypothetical situation.
Talk to your financial adviser about an annuity's ability to provide a base level of lifetime income. This can help you manage the retirement challenges of rising inflation and having enough money to last for an extended retirement.
No matter how financially secure you are, the cost of long-term care could impact your life's savings. That's why long-term care insurance can help provide the protection you and your family need.
They combine tax-deferred savings with insurance benefits and offer living benefits to you and death benefits to your beneficiaries.
Learn more »This insurance helps protect your assets and your family, while ensuring that you will have options if you need care.
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