Life insurance and annuities can protect people and businesses and provide income

Life insurance and annuities can protect an individual, family and business as well as provide supplemental income.

Life insurance and annuities are not what they used to be. These products have evolved and have functions that can be customized in a variety of ways- from family protection, business protection and supplemental retirement income to the hybrid policies designed for long term care and other benefits.

Because of all of the flexibility and options available it is important to speak with a licensed broker when considering life insurance and annuities in financial planning. A licensed insurance and annuity broker will have the expertise and product knowledge to be able to meet a client's objectives. Adding these options to a current retirement plan can be beneficial. With the cost of long term care going up and recent market volatility, it is essential to consider additional methods of retirement planning.

These products are important to financial planning for many different reasons. Almost everyone has a need for some type of life insurance and/or annuity whether one is a business owner, starting a family or getting ready to retire.  Getting comparison quotes from different companies and different options assure the best product for your financial needs.

It is important to speak to a financial planner or accountant about investment and financial decisions, but not all advisers and accountants are licensed to sell life insurance and annuities. Non-licensed advisers will shy away when it comes to these products because insurance can be an uncomfortable subject and they may not have the knowledge about all of changing products or do not have access to the variety of products, so they do not consider them to help benefit a client's financial plan.

Parker Insurance & Annuities is an insurance brokerage specializing in life insurance and fix/indexed annuities.  It is located at 20644 Annondell Drive off Route 24 in Lewes. Parker Insurance & Annuities was established in 2011 by David Parker & Amber Parker, who have over 10 years of experience in the life insurance and annuity industry. Go to www.parker-insurance.com or call 302-645-7307 for information.