One of the few things people know about Social Security is that contribution is mandatory, and when they get old enough to retire, they will receive a certain amount of money per month as long as they live. An annuity has some similarities; when properly designed, it can provide guaranteed income in retirement and help reduce the risk of running out of money.
Financial Planning without life insurance is like rearranging the deck chairs on the Titanic.
It continues to amaze me how many people don’t like to discuss the end of their lives, believing somehow that discussing their death will hasten it. What about you? Is death a topic you prefer to avoid?