The Role of Life Insurance in Your Client's Retirement Plans

Life insurance, like most insurance policies, is simply a contract between the insurance company and the policyholder. As most of you know, it is designed to pay funds out to your client’s designated beneficiary upon their death or even terminal illness for some products. As it is no mystery to the industry that as many as 85 percent of baby boomers preparing for retirement have no formal plans to transform their retirement savings into a steady stream of retirement income, the question becomes: What is the ideal vehicle for them to achieve a stable retirement? Could life insurance help supplement retirement plans to ensure help your clients continue to receive income even after retirement?

The Role of Life Insurance in Your Client's Retirement Plans
Source: Producer's Web