Life Insurance and Annuities

Both Life Insurance and Annuities are created by Insurance Companies. They are tailored to your specific   financial plan.

Both have tax advantages and estate planning uses.

The Many Uses of Life Insurance

One of the most common reasons for buying life insurance is to replace the loss of income that would occur in the event of your death.

Life insurance is also commonly used to pay any debts that you may leave behind. Life insurance can be used to pay off mortgages, car loans, and credit card debts, leaving other remaining assets intact for your family. Life insurance proceeds can also be used to pay for final expenses and estate taxes. Finally, life insurance can create an estate for your heirs.

The Many Uses of Annuities

There are many prudent strategies for Annuities. The right approach may be what you've been looking for as you address the complexities of wealth.

Annuities are either qualified or nonqualified. Qualified annuities are used in connection with tax-advantaged retirement plans, such as 401(k) plans. Nonqualified annuities are not tax deductible, and taxes are paid only on the earnings when distributed.

 

California Insurance License Numbers: 0B91425, 0J04316, 0A08791