Let's face it - your financial needs now aren't the same as they will be in 10, 20, or 30 years. That's why it can be hard to pick a retirement planning solution. Most of my clients come to me with two big concerns for the future:
- dying early and leaving their families without enough savings
- outliving their assets during retirement
They don't know how to solve both problems at once. That's why I introduce them to permanent life insurance. It protects what's important right now—your salary and your family's well-being—as well as what's important later, namely, your retirement.
➡️ Ready to find out how affordable a new life insurance policy can be? Click the button below for a free quote!
Get a Free QuoteCommon Retirement Planning Concerns
Everyone brings a few different problems to the table when it comes to retirement planning. But these are the three most common I hear from my clients. If any of these sound familiar, I have a solution that may help:
- Many employers are cutting back on retirement plans for their employees. If your employer doesn't match any percentage of what you put in a 401(k), for example, you're not alone. Other employers are getting rid of retirement plans entirely. The business landscape is changing, and you never know when an employer-sponsored option will vanish.
- Many retirement plans have a lack of flexibility when it comes to the plan's rules. Many plans have strict rules on how much you can contribute, or where that money is invested. There are things you can't control that may end up reducing the value of your account. For example, how do you know the program manager is putting your money in the right stocks, bonds, and funds? What if the market crashes again? What happens to your money?
- Many plans also have a cap on how much you can contribute. What if you want to sock away more money, but you're already at your plan's top contribution limit? Time is of the essence when it comes to saving for retirement. If your plan can't accommodate all your needs, it's time to look for a better plan.
➡️ Ready to find out how affordable a new life insurance policy can be? Click the button below for a free quote!
Get a Free QuoteWhy Life Insurance?
Life insurance probably isn't the first thing you think of when it comes to retirement planning. But there are three good reasons why it's a good solution when you have concerns about your current retirement plan:
- It protects your family while you're working. It's good to plan ahead for retirement, but what happens to your family if you don't make it that far? Life insurance replaces your income, allowing your family to pay bills and maintain their standard of living.
- It offers tax-free supplemental retirement income. Permanent life insurance builds cash value over time. You can use policy loans or withdrawals to access that money during retirement. The earlier you buy your policy, the more cash value you build.
- Many insurers also offer "living benefits," which means you can tap into the death benefit to help pay for a chronic illness or even a terminal illness. Often, this won't cost you a penny. It's an added feature many policies offer absolutely free. Instead of draining your retirement account to pay medical bills, turn to life insurance as a financial backup plan.
➡️ Ready to find out how affordable a new life insurance policy can be? Click the button below for a free quote!
Get a Free Quote