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0 0.00603621730382288 0.00181086519114681 0.0126760563380282 0.00472837022132796 0.00140845070422536 0.00724346076458751 0.00724346076458751
Stock impact report

Life insurance vs. annuities: Which is better for seniors? [CBS News]

Independent Bank Corp. (INDB) 
Last independent bank corp. earnings: 4/23 04:10 pm Check Earnings Report
Company Research Source: CBS News
Life insurance and annuities are two common tools used by this cohort. With life insurance , you pay premiums now, and once you pass on, your beneficiary receives a death benefit they can use to cover your funeral, burial costs and any remaining debts you leave behind. In some cases, life insurance policies have cash values that you can tap later on. Annuities are a type of investment that results in a steady stream of income payouts in retirement. You usually pay for this via a lump sum. "Both are valuable financial products," says Stephen Kates, a certified financial planner and the principal financial analyst at Annuity.org. "But they're useful for very different reasons." Not sure whether you should look to annuities or life insurance as you age? Below, we'll break down what some experts think. Start reviewing your annuities options online today to learn more Life insurance vs. annuities: Which is better for seniors? Here's how to tell when either product is beneficial, Show less Read more
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