That depends on you and your unique situation.  Your age, health, financial position and family all impact the amount and type of insurance needed.  In addition to property and casualty insurance, the type of risks generally insured against are health and medical, disability, long-term care and life insurance.  We can assist you in evaluating your current insurance policies and offer suggestions for shoring up any undue risks.

Generally, life insurance proceeds paid to a beneficiary due to the death of the insured are not taxable.  However, any interest income you receive is taxable.

Annuities can most certainly be a part of your overall financial plan.  Annuities can guarantee an income stream which can shore up some of the risks associated with your long-term financial plan.  Your age, time horizon, risk tolerance and other factors should be weighed in as you consider if an annuity should be a part of your portfolio.

Insurance companies do not sell disability insurance to replace 100% of your income; they do generally insure to replace 70% of your income.  If your current plans do not cover 70% of your income you may want to look for a supplemental policy for the difference.  A major benefit of owning your own policy is that when you pay the premiums yourself with after-tax dollars any benefits will likely be tax-free.  As with all insurance needs, the amount of disability insurance needed depends on your circumstances.