Is an Annuity an Investment or Insurance?
A common point of confusion many people have about annuities is whether an annuity contract is an investment or insurance. It’s an important issue because the characteristics that make an investment a proper choice to meet someone’s needs are entirely different from those that determine the value of an insurance product. What does that mean […]
Do You Have a Plan to Cover Healthcare Expenses in Retirement? Annuities Can Help
The total amount a 65-year-old couple retiring in 2021 can expect to spend on healthcare over their life expectancies could fall anywhere between $156,000 and $1 million, according to HealthView Services, a leader in healthcare cost projections.¹ “It sounds daunting,” says Michael R. Harris, a senior educational advisor with the Alliance for Lifetime Income who […]