Financial products offered by insurance companies that provide a steady stream of income, typically during retirement. Annuities can be structured as immediate or deferred and may offer fixed or variable returns based on the plan.
Provides coverage for medical expenses, helping individuals and families manage the costs of doctor visits, hospital stays, and prescription medications. Policies may vary in terms of coverage, deductibles, and premiums.
Offers financial protection to beneficiaries in the event of the policyholder’s death. Policies include term life (coverage for a specific period) and whole life (lifelong coverage with a cash value component).
Protects against the loss or damage of property and provides liability coverage. It includes homeowner’s insurance, auto insurance, and business insurance, covering everything from accidents to natural disasters.