There are many reasons for buying life insurance. If you're a primary wage earner, life insurance is a good way to help provide your family with a stable financial future. If you aren't the primary wage earner, it's important to have insurance to help cover the financial burden of childcare, funeral expenses, and other unforeseen costs. Annuities may be an excellent retirement planning tool. In variable annuities, you won't have to pay taxes on any earnngs until you withdraw the money in retirement. And because annuities (outside of a qualified retirement plan) are not subject to federally mandated withdrawals due to age, your assets can remain tax deferred until you need them.
During the 1970s, Congress created the Securities Investor Protection Corporation to protect customers of brokerage firms that fail.
It's a Fact
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