Whole life insurance is often called "permanent" insurance because it remains in effect for life, as long as the premium is paid as scheduled. These premiums are designed to remain level during the term of the policy. In addition, after having a policy for sufficient time, it generates a cash value with deferred taxes and you may be able to access these funds with tax advantages.
Term Life Insurance offers you financial protection to cover expenses such as a mortgage on your home, new investments such as buying a car, coverage for student debt (calculate according to your child's age how much the cost would be of your education without study debts, here) or hospitable and much more during a defined period of time (short or long term) or up to an age specified in the policy.
Annuities - Retierement Plans
Annuities are often purchased as a support for the moment of retirement and the best thing is that you can do it in a variety of ways, such as simple, early or anticipated, because of disability or because you want to enjoy your last years of life without economic anguish; that is, to be able to generate income for the future.