Annuities like life insurance are recommended for passing assets to heirs.
Annuities come in various forms, each serving different purposes. If a client's primary goal is to pass assets on to her heirs, recommending life insurance would be beneficial as it provides a lump sum payment to beneficiaries. Immediate annuities, on the other hand, offer a stream of income, but the payments typically end upon the annuitant's death and may not be the best choice for passing assets to heirs.
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