Annuities & Life Insurance 101
Welcome to Annuities & Life Insurance 101, your go-to resource for understanding key concepts related to life insurance and annuities.
Here, you’ll find clear, concise, and accurate information to help you make informed decisions about your future.
Start exploring today and take the first step towards finding the right solution for you to discuss with your agent. (Or, when you’re ready, you can request a call from a National Life agent.)
What Is a MYGA — And Can It Help You Save for Retirement?
A multi-year guaranteed annuity (MYGA) is an annuity that lets you lock in a guaranteed interest rate for a certain length of time, for example three or five years. This may be to your advantage when interest rates are high, or when you have no immediate need to tap into your savings.
What Annuity Owners Need to Know About Qualified vs. Non-Qualified Plans
When people buy an annuity to save for retirement, many do so through their employer. Qualified and non-qualified plans refer to different types of retirement savings plans.
What matters most to individuals contributing to such plans are the tax implications and whether or not you can take a loan against the policy.
What Is a Life Insurance Loan And How Can You Get One?
Permanent life insurance primarily is meant to provide death benefit protection. But with a permanent life insurance policy, you can also grow its cash surrender value, tax deferred (which means that cash surrender value may grow more quickly than if you had to pay taxes on gains every year).
You may be able to take a life insurance loan using the cash surrender value of the policy as collateral.
How to Initiate a Life Insurance Loan From National Life Group
When you’re ready to take a life insurance loan, borrowing against your policy from National Life, there are just a few steps to follow.