Last Updated: December 5, 2016
Life Insurance and Annuities
When you buy life insurance, you want coverage that fits your needs. You should decide how much you need, for how long, and what you can afford to pay. Keep in mind the major reason you buy life insurance is to cover the financial effects of unexpected or untimely death. Life insurance also can be one of many ways you plan for the future.
An annuity is an investment that provides an income over a specified period of time, often used as a device for retirement income.