Reviewing your beneficiary designations is a critical part of the overall planning process. This ensures your life insurance and/or remaining retirement plan proceeds are given to the people or organizations you intended after your death. It only takes a few minutes to make sure your designations match your current wishes.
It's also important to invite your named beneficiaries to a future review of your plans. Your Modern Woodmen representative can help you explain their options and your intentions, so they are more prepared after your death.
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Single premium immediate annuity
Getting ready to retire? You face many risks, including increasing health care costs, the impact of inflation and market volatility. If you are like most, you feel the future of Social Security is uncertain and your employer most likely doesn’t offer a pension. The result? The largest risk you may face is the risk you will outlive your retirement savings.Single Premium Immediate Annuity