Life insurers provide a wide variety of products to consumers and employers: Life insurance provides the financial resources for families to pay both immediate and long-term expenses if a loved one dies unexpectedly. Business life insurance helps employers meet financial liabilities tied to foreseeable events such as premature death, benefit costs, or succession planning. Annuities enable tax-deferred savings for retirement. When retirement income is needed, annuities provide either a steady stream of income that cannot be outlived, a lump sum payment, or income for a specific period of time. Retirement savings plans used by large and small businesses. From defined benefit plans to defined contribution plans like 401(k)s, 403(b)s, and 457s, these products provide millions of Americans retirement income. Long-term care insurance offers financial protection in the event of a chronic illness, disability, or cognitive impairment, such as Alzheimer's disease. This insurance helps consumers avoid impoverishment and having to use retirement savings to pay for services at home or in a nursing home. Disability income insurance provides periodic payouts for routine household expenses when a person is unable to work due to illness or injury, helping prevent the depletion of a family's savings.