Converting life insurance to annuities is a financial strategy that involves transforming the death benefit of a life insurance policy into a stream of income through an annuity contract. This ...

If you want to update a cash-value life insurance policy or annuity, you may have heard of the 1035 exchange. This IRS provision, based on Section 1035(a)(3) of the IRS code, allows you to exchange ...

What Is a Life Insurance Annuity? A life insurance annuity is a unique product that combines life insurance and an annuity. It is essentially a contract between an individual and an insurance company ...

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Ridofranz / Getty Images Life insurance pays beneficiaries a benefit ...