Investing in peace of mind
Investing in peace of mind
The retirement landscape has shifted significantly, and you may be facing an entirely new set of risks. Social Security’s stability remains in question, and with advances in modern medicine, you may be living longer than ever. This means your retirement savings may need to last 20 to 25 years or more.
It’s never been more important to protect your wealth with the right planning and insurance coverage, from long-term care to life insurance to annuities.
Life insurance
Life insurance
Life is unpredictable. That is why it is smart to protect your loved ones and what matters most to you with life insurance. With life insurance, your beneficiaries get a cash death benefit, income tax-free, when you pass away. It can help them pay for living expenses, college tuition and more. Life insurance can also help you create a legacy worth much more than the cost of your policy. Some things to consider:
Long-term care insurance
Long-term care insurance
Increasing longevity and rising healthcare costs continue to raise important questions. Will you be able to afford healthcare? Can you get the long-term support you need? Long-term care insurance coverage includes home care, assisted living, hospice care, nursing home and Alzheimer’s facilities—services generally not covered by health insurance, Medicare or Medicaid. It can also help cover your out-of-pocket expenses.
Annuities
Annuities
Annuities add flexibility and control in retirement planning. They can also help ease concerns about market volatility or the risk of outliving your assets. But it is important to note that annuities often are not well understood. They have features of both investments and insurance, which make them more complex and often more costly than investing in, for example, mutual funds.