Can you handle life's unexpected financial expenses? What if you get sick? Change the way you think about and use life insurance – safeguard your family or business and enjoy more financial control during uncertain economic times. Leverage your life insurance for protection, flexibility and control while LIVING with our living benefit riders that help protect against life’s most formidable risks – dying prematurely, getting seriously ill or living longer than expected.
If you’re about to retire, do you have $1 million, and is that enough? There’s a simple way to find out, by comparing your income with your spending. Be sure to talk to your financial planner to get on the right track. Most experts say you need 75% to 85% of your final pay to maintain the same standard of living, although if you’re still carrying a mortgage, you may need 100%.
If you still don’t have enough saved, consider working longer or spending less to make sure you don’t run out of money before you die. If you’re working, delaying starting Social Security until age 70 will sharply increase the benefit.