Many individuals across American can easily get life insurance and annuities confused. Though both are wonderful options for retirees, the differentiators of both are complicated to determine. If you’re searching for life insurance and annuities in South Florida, speaking to professionals can greatly ease unnecessary stress. At iWill Advisors, we know that there is nothing easy about navigating this diverse and complex world, which is why we’re here to objectively assist.
What Seniors Should Know about Life Insurance & Annuities in Margate
Life insurance is a common choice for many Americans. Though many individuals decide to purchase life insurance early on, there is always room for improvement and new customers. Life insurance essentially provides financial protection to family members should anything happen to you. There are multiple different types of insurances, including term life insurance and whole life insurance. Term insurance is an option for those who only want twenty to thirty years of coverage. Whole life insurance covers your entire life.
Annuities on the other hand are designed to give the retiree income should they outlive their predicted life span. Annuities are tax-deferred savings for retirees to use at a later date. There are multiple types annuity options such as deferred annuity, immediate annuity, and longevity annuity.
At iWill Advisors, we specialize in assisting seniors in finding their perfect life insurance plan or annuity plan. Knowing which is better for you can be tough to determine, as both are fairly similar, yet have very specific differences. The general idea is that if you are thinking of your future dependents, and wish to leave money behind for your loved ones, life insurance may be the best option. Alternatively, if you’re looking to have retirement moneys at a later date, annuities may be the best choice for you. In total, life insurance helps to provide for your family should you pass away early and annuities are in place for those outlive their expected age.
If you’re considering a new retirement pathway, then iWill Advisors can give you the guidance and direction on life insurance and annuities in Margate, Florida. There are many companies looking to scam seniors out of their money. With the professionals by your side, you can rest easy knowing that a reputable and knowledgeable team has your best interest at heart. Call today and get a free quote in minutes!
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