If you’re not in the industry, you may have many questions when purchasing insurance. Insurance companies have different structures and use different types of sales agents. Understanding your options can help you decide which is right for you.
Many people struggle to understand annuities and wonder if they really need one or not. To help shed light on this situation, let’s look at one example.
Life doesn’t always go as planned. When you married, you did the responsible thing and purchased life insurance policies for both you and your spouse. Each of you named the other as beneficiary, ensuring that no matter who passed away first, the survivor would be taken care of. At least, that was the plan.