FAQs | Frequently Asked Questions — IADEROSA ASSOCIATES

Frequently Asked Questions

A contract where the insurer pays a beneficiary a sum upon the insured's death, providing financial security.
It offers financial protection for loved ones, covers debts, and aids in estate planning.
Term Life: Fixed-term coverage, no cash value.
Whole Life: Lifetime coverage, builds cash value.
Universal Life: Flexible premiums and benefits.
Consider debts, income replacement, and future financial goals.
Adjustments and upgrades are typically possible.
There's usually a grace period, after which the policy may lapse but can often be reinstated.

A financial product offering a fixed income stream, often used by retirees.
Fixed: Guaranteed interest and payments.
Indexed: Tied to a market index with minimum return guarantees.
Provide stable income, supplementing other retirement funds.
Fixed and indexed annuities are generally safe from market downturns due to guaranteed returns.
Offer tax-deferred growth, delaying taxes on earnings until withdrawal.
It’s possible, but may involve surrender charges and specific conditions.

Follow along to learn all the ins and outs of Life Insurance, Annuities, and Retirement Planning