HI everyone I can some of you please give me some opinions or suggestions for my parents.I met with their insurance salesman to go over their investments because my parents had some concerns with thier policies and investments. My parents are in their 80's and in pretty good health. They receive my fathers pension (which is 100 per cent in other words nothing for my mother if he passes away first) and their social secrity checks and small amount from an annuity. They each have a 30,000 term life insurance policy which costs my father 1,800 dollars and my mother is 1,400. The salesman said the annuity is fixed but the rate of return is less this year?? Also they are locked in for another 3 years to have no surrender charge. I am not a fan of annuities and voiced my opinion on that but however they have 3 more years. My concern is my mothers life insurance policy I don't think they need it because my father will still have his pension so I suggested they drop hers and put that money away am I wrong and where would be a good place to put it. Any serious suggestions would be greatly appreciated. thanx
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