Term life insurance offers coverage for a predetermined period, providing financial protection for a specific duration.

Annuities are designed to provide a regular income stream, typically during retirement, to ensure financial stability.

Fixed annuities provide a predetermined interest rate and guaranteed payments, ensuring a steady income stream.

Variable annuities offer the potential for higher returns as they are linked to the performance of underlying investments.

Whole life insurance policies accumulate cash value over time, which can be accessed through loans or withdrawals.

Traditional IRAs offer tax-deferred growth, while Roth IRAs provide tax-free withdrawals in retirement.

Indexed annuities offer payments that are linked to an inflation index, providing protection against rising costs.

Life insurance policies are primarily designed to provide financial protection to beneficiaries in the event of the insured's death.

Whole life insurance provides lifelong coverage and accumulates cash value, which can be accessed through loans or withdrawals.

Universal life insurance policies offer flexible premiums and death benefit, allowing policyholders to adjust their coverage and premium payments.

Immediate annuities provide payments for a specific period of time, typically starting immediately after the purchase of the annuity.

Variable life insurance policies offer the potential for higher cash value growth as they are linked to the performance of underlying investments.

Term life insurance offers coverage for a specific period of time and is typically more affordable than other types of life insurance.

Immediate annuities provide guaranteed payments for a specific period of time, typically starting immediately after the purchase of the annuity.

Universal life insurance policies offer a combination of term life insurance and permanent life insurance, allowing policyholders to adjust their coverage and premium payments.