Wendy-Swanson-32-What are some other ways to use annuities
Wendy Swanson explains that annuities can be used in estate planning to automatically fund life insurance premiums, ensuring continuous coverage and helping preserve the estate.
Video Transcript
Other ways that annuities are used, that, relate to the overall estate planning in many many circumstances is they will create an annuity and have a distribution.
And with that distribution, it is going towards another insurance policy. You know, maybe they need life insurance, available at the early passing of, you know, the the family, the husband, the wife, or whatnot. We need that income replacement, they wanna kinda auto load the premium payments because the last thing they want is that life insurance to lapse. So they'll put the money into the annuity, have that income payment coming out, that automatically goes over to the life insurance policy. So it's all kind of automated and that way we can make sure that the estate is preserved.
