Secret #5: The Best Families Use Life Insurance and Annuities Together

How They Work Together

Life insurance protects the family if someone dies.

Annuities protect the family if someone lives a long time.

Together, they help solve two major risks:

• Dying too soon

• Living too long

Example Family Plan

A 40-year-old parent: Buys $750,000 term life. Starts a whole life or IUL policy. Builds retirement savings. Later uses an annuity for retirement income.

A 65-year-old retiree: Keeps final expense coverage. Uses annuity income to create monthly retirement checks. Uses life insurance for legacy planning.