An annuity is a contract between you and an insurance company in which you make a lump-sum payment or series of payments and, in return, receive guaranteed lifetime income beginning, either immediately or at some point in the future. An annuity can be designed to help protect you from the risk of outliving your income.
Research shows that people with a guaranteed lifetime income source tend to be happier and live longer. Here is one of many studies that state a guaranteed lifetime income stream is key to retirement happiness. Securing at least a base level of lifetime income should be every retiree's priority at least if they want to live happily ever after. Legacy Builders Group shops around to customize the right plan for your specific guaranteed lifetime income needs.
Life insurance is a contract between an insurance policyholder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness, and chronic and critical illness can also trigger payment which can be used while still living.
There are many types of life insurance: life insurance: universal life insurance, indexed universal life (IUL), and Life Insurance Retirement Plan (LIRP), Life insurance can be used to replace lost income, pay for final expenses, protect your business, pay for college, leave a legacy, personal and family banking, retirement planning and so much more. Most people don't like talking about life insurance. But every time someone dies, the first question someone asks is do they have life insurance? Why, because everyone knows life insurance makes a difference, a financial difference.
Legacy Builders Group shops around to customize the right plan for your specific individual and family needs.
Retirement refers to the time of life when one chooses to permanently leave the workforce behind. The traditional retirement age is 65 in the United States and most other developed countries.
When most people talk about retirement most people talk about age. But retirement has more to do with the dollar amount at retirement, not age. Failing to plan for retirement means you are planning to fail with little to no retirement. Many options are available to start planning for your retirement today, many of which are low-cost. FYI, the earlier in life you start a plan, the cheaper the cost. The later in life you start a plan, the higher the cost. Check out this 2019 study that states that 64% of Americans will retire broke. Legacy Builders Group shops around to customize the right plan for your specific retirement needs, including plans that allow you access to a retirement tax-free income for the rest of your life.