
Living benefit options provide the ability to turn your life insurance contract into an income stream to handle the unexpected.
The conversation around retirement and aging has changed.
People are living longer and retiring stronger with more diverse lives than ever before. Age is just a number. In fact, 80 has even been coined the ‘new 60’1 and for many Americans, their second half of life is long and rich with experience including perhaps a second career, new hobbies, travel plans or spending time with family. In some cases, these experiences are not always planned, like facing unexpected financial situations such as supporting adult children or parents, market changes, an illness or even an untimely death. Traditional life insurance with standard death benefit protection is no longer enough.
Did you know you can retire stronger with living benefit solutions?
When looking at your retirement plan, the biggest concern is usually the unexpected. In addition to the positive benefits of living a long retirement, what if you outlive your retirement funds? Or alternatively, what if you are forced to retire earlier than planned, need to take care of a family member, get sick, or the market drops? Flexibility in your life insurance policy to access and use your death benefit as an income stream in the event of illness or for any other reason later in your retirement is more important than ever. Life insurance benefits – while living!
With this coverage in place, you may feel more comfortable using more retirement funds to supplement your lifestyle earlier in retirement, when there is more that you want to do.
“This is truly ‘life insurance you don’t have to die to use”.
Source: retirestronger.com