"For anyone who needs to understand different types of life insurance, as well as considerations for purchasing and managing policies, this book should be on your nearby reference shelf. If you've frequently found yourself fumbling around with terminology, such as the differences between variable, universal, and variable universal life (VUL) policies, you'll finally see some light through the haze." - MorningstarAdvisor.com
Life insurance doesn't have to be complex or intimidating. Ben Baldwin's completely revised and updated guidebook makes it clear and logical, discussing how to analyze insurance products based on their investment merits and best overall financial returns. This clear, authoritative resource for consumer insurance information covers the pros and cons of Internet purchases, techniques to use capital within a policy, the fixed premium feature, insurance for different stages of life, and the new emergence of "immediate annuities."
New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today's Insurance Products
Tags: Financial, investment merits, variable universal life, book, anyone, immediate annuities
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One point of clarification regarding this survey, specifically regarding the statistic that “Nearly 72% of immediate annuities are issued to donors 80 or older.” I believe that statistic involves a question of how old the charities’ oldest annuitant was at the time of gift … not the average age of annuitants (see page 17 & 18.)
The report rather indicates that the majority—63.5%–of immediate annuitants were “80 or younger” at the time of the gift (page 16.)
That being said, it‘s certainly true that the “sweet spot” for marketing CGAs is age 71+. But to focus only on 80+ would miss the majority of viable candidates.
Income Choices: Vanguard offers immediate annuities sourced by Hueler Cos., providing quotes from multiple insur…
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