Definition: In a life insurance policy or an annuity plan, contingent beneficiary gets proceeds from the policy in the event of a demise of the primary beneficiary at the same time as that of the ...

Acronyms like CRT, CRAT, CRUT and NICRUT could have many clients' heads spinning. Here's a guide to the key pros and cons for ...

One can add a second life or a minimum guaranteed option to the annuity to ensure that there is income for your spouse or ...

If you’re married, your spouse can assume the ownership of your qualified or nonqualified annuity at your death without any taxes. Children who are beneficiaries are required to claim only the ...

Gain clarity on life insurance inheritance rules with a complete guide that covers legalities, taxes and distribution options.

It’s no secret that financial stability and a steady income are essential when planning for retirement. This is where ...

What is an annuity rate? Buying an annuity involves converting your retirement savings into a guaranteed income. Annuity rates determine how much income you'll get. For example, if you have a pension ...

A sudden windfall can be both a blessing and a source of stress, especially if you are unsure of the tax rules and how to ...

The MSU Foundation announced the establishment of the Albert Eli "Bo" and Juanita Justice Scholarship Endowment, a fund to ...

For the last three years, our son and his wife have said they want to move to Oregon, buy acreage and start a commune. Of ...

The Annuity Guru highlights the benefits of upgrading outdated fixed indexed annuities (FIAs) for retirees. Newer FIAs offer ...