In general, you must begin receiving minimum distributions by April 1 following the later of (1) the year in which you reach age. 70Â½ or (2) the year in which you retire from service from the employer maintaining the Plan.
Permanent insurance provides lifelong protection, and the ability to accumulate cash value on a tax-deferred basis. Unlike term insurance, a permanent insurance policy will remain in force for as long as you continue to pay your premiums.
It is temporary insurance with payments and coverage guaranteed to remain the same for up to 30 years. Our term life insurance has an option that allows you to convert to a policy that lasts a lifetime without a medical exam.