There are many benefits associated with life insurance in the ever-changing world of personal finances, and investing in the right plan can be helpful in planning for your retirement. Life insurance can guarantee liquidity when you or your loved ones need it, making it the key differentiator that takes retirement plans from good to great! If you are the sole breadwinner in your family and have multiple dependents, or if you simply want a secure future for your spouse in case of an early death, your life insurance policy…

Life insurance is necessary for everyone, but its importance spikes for high net-worth and wealthy individuals. They require unique insurance needs that defend their fortune of valuable possessions such as priceless art, yachts etc, along with their homes and cars. They also lie at a risk of lawsuits and any place where a lawsuit can hurt them is a liability. This makes their life insurance needs different from other people. So, why and how should they sieve through different life insurance types and focus on the right life insurance…

An annuity is a type of insurance policy that pays out a steady stream of income in return for an investment into the annuity. You may opt to receive income for a lifetime or for a set number of years. Annuities are often used by investors as a retirement planning strategy, as they dole out steady payments during retirement.

What are the Different Types of Annuities?

There is a range of different annuities you can choose from:

• Immediate vs. Deferred

With an immediate annuity, you…

I was sitting across Ethan and was having one of our last ‘company lunches’ together as he was relocating. Discussing our future plans, the topic of retirement came and I asked how he planned for it. I expected the usual answers such as 401(k) plan, personally-held stocks and bonds, IRA accounts etc. Nonchalantly, to my surprise, he added, “Oh and life insurance too!” I always thought that the employers gave a life insurance to cover us. I never thought it could be a part of one’s financial strategy. Ethan read…

Retirement plans are not just the prerogative of individuals, but important for business owners as well as corporates to consider. Businesses may view retirement plans purely as a benefit that they can provide to their employees, but that is not the only factor in play. Providing retirement plans for employees offers a wide range of tangible and intangible benefits to businesses and corporate entities. These include being able to attract and retain quality employees, and at the same time reduce the tax burden your company faces. Additionally, it can…