InsuranceInsurance is a paid contract that guarantees a benefit if something bad happens (e.g. car accident, death, theft, etc).
All Questions: Insurance
I am getting ready to retire. Should I invest a lump sum of money into an annuity? If so, which type would benefit me the most?
I have a $350K whole life insurance policy with a $15K investment value. I have considered buying a term policy with $1M of coverage for about $800 per month. If this is wise, how should I proceed?
I plan to cash out a life insurance policy causing 28,000 in gains. I also plan to start to receive my SSI benefits in January. What type of tax impact am I looking at?
How can I use term life insurance to make sure my minor son is taken care of in the event of my death, but not allow my estranged wife to access it?