Annuities
An annuity is a product which can
provide you with an income for as long as you live. There are two
types of annuities:
The first is when you pay a lump sum to a life insurance company, and
they pay it out to you right away in periodic installments. This
type is known as an immediate annuity - the payments to you start
immediately. The second, and more common, is where money paid by
you is accumulated at interest over a period of time. If you choose,
the accumulated amounts will then be paid out to you in periodic
installments, usually when you retire, in order to supplement your
retirement income.
Life
Insurance
Defining Your Needs
When you buy life insurance, you want a policy which fits your needs
without costing too much. Your first step is to decide how much
life insurance you need, how much you can afford to pay, and the
kind of policy you can get that meets your cost and coverage goals.
Workers
Pension
Almost every employed Californian is protected by workers’
compensation for job related injuries or illness. Therefore it’s
important that both employer and employees understand workers’ compensation
insurance.
This guide provides general information on workers’ compensation
insurance and offers suggestions on where to seek help with a question
or problem (see listings of exhibits I, II and III).
Long
Term
What Is Long-Term Care?
Long-term care is the assistance or supervision you may need when
you are not able to do some of the basic “activities of daily living”
(ADLs) like bathing, dressing or moving from a bed to a chair.
You might need assistance with ADLs if you suffer from an
injury like a broken hip, an illness, a stroke or from advanced
age and frailty. Other people may need long-term care because of
mental deterioration, called “cognitive impairment” that can be
caused by Alzheimer’s Disease, other mental illness or brain disorders.
Long-term care is sometimes called “custodial care” or “personal
care”. Formal long-term care (the
kind of care you must pay for) is most often provided by professional
skilled and unskilled workers.
Broker
Want to know how to select the best broker for you please see this
section for more details.
