An annuity is a long-term insurance contract wherein you make an investment in the plan and in return receive payments from it on a future date or a series of dates. The income you get could be a lump sum payment or a monthly/quarterly/annual payout, depending on the terms of your annuity contract.

How Do Annuities Fit into Your Retirement Plan?

Annuities provide the perfect balance of growth and security, with the added advantage of regular payouts in the future. A vast number of financial studies have indicated that retirees…

They say that knowledge is power especially so when it comes to finances. Since the internet is awash with various dedicated financial publications, why then would you need a financial advisor? Well, they are more conversant with crunching numbers, as well as understanding the market and the jargon involved in financial planning.

Here are 6 signs that you need a financial advisor:

1. Tax Refunds are Commonplace – Most people hate filing tax returns. This exercise is time-consuming and unrewarding, except when you get a refund for over-paying. However,…

Contrary to popular belief, one of the biggest benefits of LTCi, or long-term care insurance, is empowering oneself to be able to receive care at home. According to studies conducted by the American Association for Long-Term Care Insurance, almost 8 million people receive care at home, as opposed to less than 2 million in nursing homes.

LTCi and Home Care Decoded

Everyone would like to live in a safe, comfortable and familiar environment, but sometimes (due to illnesses, injuries or simply old age), living in our own home and…

The buzz on the criticality of life insurance is going around all the time, but is it only for the ones who are gainfully employed? Don’t unemployed people qualify for life insurance too? Untoward incidents do not strike with the qualifying criteria of employment; tragedy can strike anyone, anywhere with no discrimination. And the unemployed are just as worried about protecting the future of their loved ones as anyone else. The key question here is, does the life insurance for unemployed get approved? However, the answer to this is not…

Often, employers provide basic life insurance coverage to employees. This helps them attract new applicants looking for benefits as well as retain existing employees, but it may not be enough to actually meet each employee’s specific needs. Investing in one or more life insurance types outside of work could actually offer you a lot more security.

Here’s an example to better understand this concept:

Let’s say that you’ve been working at a certain job that offers you adequate coverage, but you no longer…