Day: April 21, 2021
Differences Between Life Insurance And Burial Insurance
Burial Insurance And Life Insurance:How Do They Differ From Each Other? Virtually everyone is familiar with insurance policies. You’ve probably seen many television advertisements concerning the subject. Perhaps, you have heard your parents and grandparents discussing the details of having an insurance policy to cover funeral expenses. Determining the differences between burial and life insurance …
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Insurance Agent Careers
The insurance industry topped a trillion dollars in 2009. The industry employed over 2.247 million Americans. Insurance is a staple in our lives. Insurance coverage is an essential element of any sound financial plan. It is a way to balance financial risk. Insurance provides financial protection in case an event threatens your financial stability in …
401k Rules For Borrowers
Borrowing from a 401(k) plan might seem like an easy way to access money for important short-term goals, but it could have significant negative effects on your ability to achieve and maintain long-term financial security. Before you convince yourself that borrowing is the best way to address your current financial priorities, make sure you understand …
Time To Retire Your 401k
Retiree Robert Shively spends his days on the golf course. For many, that would be a dream come true, but not quite in the way Shively does it. The 68-year-old is the cart mechanic at the Niagara Falls Country Club. Two and a half decades ago, his then employer, Occidental Petroleum Corp., cut its traditional …
Roll your IRA Into A 401k
5 reasons to roll a 401(k) to an IRA Why would a 401(k) participant want to move his money out of a 401(k) and roll it into an IRA? Here are some thoughts on the issue: Most 401(k) s and other company plans have limited investment options. They may offer 50 different mutual funds and …
What is an Annuity
What is an Annuity? An annuity is long-term retirement product that can help protect you against the risk of outliving your assets. It is a contract between you and an insurance company: you receive future income in return for your contributions.Any earnings on contributions are tax-deferred until they are withdrawn, usually at retirement. You may …
Annuity Income And Living Benefits
Income riders have become one of the most popular benefits ever to be added to fixed deferred annuities. Members of the National Association for Fixed Annuities (NAFA) report that more than 50 percent of people who purchase fixed deferred annuities also choose to add an income rider. These income riders are also known as guaranteed …