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Did you know?

The Role of Insurance in Retirement Planning

Who even talks about retirement anymore? We should. Retirement may look bleak for many Americans due to a number of factors including savings, the Pension system, and Social Security to say the least.

Middle-class workers, as many Americans, are not saving enough for financially secure retirement according to Forbes. To add to that, by 2034 the Social Security Administration program will only be able to pay out 77% of its full benefits. While just over half of Americans older than 65 are living on incomes of $30,000 or less per year, according to the Census Bureau.

The US Pension system ranks 22nd out of 47 countries on the Melbourne Mercer Global Pension Index and has been declining. This index gives the U.S. low ranks for retirement, benefits, financials, sustainability, adequacy of coverage, and integrity of regulatory and governance systems.

On top of all that, Gallup reports that millennials changed jobs more than 3 times the rate of other generations within the past year. This results in fewer opportunities to commit to traditional retirement plans such as 401(k) or IRA. Let alone each new job likely has a probationary period before a new hire would even be eligible to use any benefits.

Studies show that someone turning age 65 today has almost a 70% chance of needing some type of long term care and supports in their remaining years, according to acl.gov. Knowing that 7/10 of our peers, friends, and family will likely succumb to that truth only encourages us to start prepping at a young, healthy age.

In short, not being prepared for retirement can lead to a lesser quality of life, diminished independence (asking for hand-outs and favors), and potential burdening of your children/dependents.

Hence, Indexed Universal Life Insurance...

Indexed Universal Life Insurance (IUL) is the ULTIMATE tool for retirement! Retirement requires consistent cash flow. Unlike comparable retirement plans such as IRA or 401k, IUL not only accrues compound interest TAX FREE... but you can access those funds TAX FREE! There's no penalty. No TAX.

How, you ask? Through no qualification, no term, policy loans! The best part is while you use your funds as collateral it can continue to earn COMPOUND INTEREST, effectively creating an arbitrage between the loan rate and growth rate! That compounding interest on your nest egg during retirement could also self fund the policy, while the policy could have SCHEDULED DISBURSEMENTS paying you like a pension!

Don't overlook the SAFETY! There's a 0% floor on funds participating in growth of your dedicated index, typically S&P 500. In other words your money CAN'T get credited a NEGATIVE RETURN! If you buy stock, think of it like a stop-loss. The lowest return you can be credited on your nest egg is 0%! And honestly, if the market were trending that way we would be having a conversation geared towards re-balancing or re-allocating those funds to the general account that typically and consistently earn 2% - 4%.

On top of everything, this is YOUR policy! So no matter your profession, place of employment, or journey you're on... you can be secure knowing that this plan will always be with you. Truly amazing!