Considering using bonds for investing in your retirement account? Before you make any commitments, take time to understand exactly how cooperate bonds work, the benefits they offer and the restrictions associated with them.
One secret not many know is this, insurance risk is never shouldered by any one company, no matter how big or how small the promised benefit may be. The ads you see on TV showing a healthy male can pay just $40 a month to protect his family with a $500,000 death benefit is really a whole bunch of companies banded together to help each other spread out any claim. This is known in the insurance trade as re-insurance.