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Insured Annuities: Boosting Retirement Income While Addressing Estate Planning
A 70-year-old with $250,000 in GICs earning 3.5% annually can increase after-tax income from $5,688 to $16,335 by using an insured annuity; however, this depletes capital at death, which can be offset by purchasing life insurance.
Insured Annuities: Boosting Retirement Income While Addressing Estate Planning
A 70-year-old with $250,000 in GICs earning 3.5% annually can increase after-tax income from $5,688 to $16,335 by using an insured annuity; however, this depletes capital at death, which can be offset by purchasing life insurance.
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