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@tamimolina888 Yeah, there are certain benefits to having it. You just have to make sure you use them - such as using it to get better interest rates on loans. If the market performs well it will end up being a net positive, however, i wonder how much of your yearly contribution goes toward...

@javelinda What are they trying to achieve? Is this touted as some kind of benefit to partners - I mean, the person is paying for their own policy with seemingly no cost alleviated by the employer or by being part of a group. Hard to understand why lawyers would force their partners to pay for...

@rayeli Key person policies can be paid for by the key person? It may be some weird forced life insurance, not necessarily a key person. Question is, who is the policy owner. Sounds like it’s OP

@tabinek But they can force you as terms of employment? You can’t opt out for reduced salary or anything?

@fantheflame If you go the annuity route, I suggest you get the minimum annuity he could live off of (and do a ton of shopping around for this annuity) Then with the rest of the capital, consider following the advice of the person below who recommended dividend stocks (don’t reinvest the...