Understanding the Importance and Basics of Life Insurance
Life insurance provides money typically to beneficiaries after a loved-one who has life insurance dies. Coverage is often provided by employers but can also be purchased separately through an insurance agent.
Life insurance provides benefits to your family after you pass away. An annuity helps you accumulate money for future income needs, most often used to help pay for expenses during retirement. Ohio law requires agents and companies to assure that annuities sold to Ohioans are suitable for the policyholder, based on their age, income and other needs.