Why are annuities considered an insurance product?

Why are annuities considered an insurance product?

Annuities are financial vehicles that can be sold only by insurance companies. Basically, an annuity is a contract between you and an insurance company, which promises to pay you a future income in exchange for the lump-sum payment or premiums that you pay.

Health Insurance While Traveling

Health Insurance While Traveling

If your health insurance won’t cover your family while traveling, consider purchasing a short-term supplemental health insurance policy.

All About IRAs

All About IRAs

An individual retirement arrangement (IRA) is a personal retirement savings plan that offers specific tax benefits.

Income Tax Planning And 529 Plans

There are two types of 529 plans — savings plans and prepaid tuition plans. The federal income tax treatment of these plans is identical.

Properly Insuring Your Business

Properly Insuring Your Business

With the right insurance policy, no disaster can put you out of business. Everything from your building to your water cooler can be covered.

Understanding Social Security

Understanding Social Security

The Social Security system premise: Throughout your career, you pay a portion of earnings into a fund by paying Social Security taxes.