Quinlan:Term life insurance is like renting a property. It will provide your beneficiary with a death benefit for a limited period of time, like 10 or 20 years with a level premium that is initially decided base
Unlike immediate annuities, a person who owns a deferred annuity may cash it in with the annuity company before reaching age 59 1/2. If he decides to do so, the IRS will tax any gains on the annuity at his regular income tax rate and he will pay a 10 percent tax penalty for cashin...