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You’re planning for Retirement. Do You Still need Life Insurance?

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Title: You’re planning for Retirement. Do You Still need Life Insurance?


1
Youre planning for Retirement. Do You Still need
Life Insurance?
2
  • Lets be realistic. If you have an adequate
    investment and pension portfolio, if you have
    made provisions for your health care costs, if
    you have no one relying on you for financial
    support, maybe, just maybe you can afford to
    retire.
  • Did you know that a healthy 65-year-old
    man has a life expectancy of 87 and a woman, 89
    and that 38 of the men and 50 of the women will
    live to age 90, according to recent research on
    longevity risks and retirement.

3
  • Have you thought about outliving your income?
    Perhaps a lifetime income annuity would be
    appropriate to cover your basic retirement needs.
  • Those with kidsand grandkids
  • How much will it cost to raise a child to age 17?
    In households with income over 105,000, its
    estimated to be 399,780. Per Child. Without
    college expense. Combined expenses may be
    650,000 or more. How many children do you have?
    What happens when they come home to live after
    they graduate? How long will they stay? What
    happens if youre is not around to pay these
    expense? Do you have adequate life insurance?
  • Grandparents provide the primary financial
    support for one out of 10 grandkids, and 49 of
    parents age 60 and older are still providing
    financial assistance to an adult child.
  • Is there still a need for life insurance
    protection? Absolutely!
  • And those in supporting parents

4
  • What about adult children who are supporting
    parents who are 65 or older? Some 15 of people
    age 40 to 59 are providing this support while
    still raising a young child or an adult child.
    For people 60 and older with a living parent, 50
    of the parents need help with day-to-day
    activities. Does the caregiver still need
    Retirement Insurance Company? What happens if the
    caregivers are no longer around?
  • Add in medical and long-term care
  • Now lets talk about the cost of medical care
    after retirement. According to Fidelity
    Investments, the average 65-year-old couple will
    spend 220,000 in 2013 dollars on out-of-pocket
    medical expenses during retirement.
  • Have you provided for this in your
    retirement planning? Keep in mind that this does
    not include the costs for long term.

5
  • Long term care is currently 250 per day in
    Tampa, Fla. That is 91,250 per year. The average
    65-year-old woman will need this care for 3.7
    years compared with 2.2 years for men, but I know
    a number of instances where the person was in a
    nursing home for 10 years or longer.
  • Have you planned for this?
  • A solution
  • So lets come back to life insurancecash value
    life insurance. It will be there when it is
    needed most and provides guarantees, versatility
    and flexibility for changing situations. Cash
    value life insurance provides security, dignity
    and peace of mind and solves the risk problem for
    pennies on the dollar.

6
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ltd
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7
Click to know more on Retirement Insurance
Company
https//www.bajajallianz.com/Corp/retirement-plans
/retirement-plans.jsp
Thank You
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