Nearing retirement? Consider Disability Insurance
When you consider the fragile financial position of many retirees today, you will appreciate the role of long-term care (LTC) insurance and disability insurance (AI) play in providing a boost to the leg. insurance payments and disability insurance LTC can take a huge load off your back.
Consider what retired people and those approaching retirement think about their retirement life
A recent survey by the Robert Wood Johnson Foundation on pension issues highlighted serious concerns among people close to retirement age in this decade. The survey clearly indicated that there is a marked difference in what those close to retirement and who have already retired thinking about retirement. Members of both groups were asked what they thought and experienced (if already retired) living their retired lifestyle. Here the contrast in the perception that they observed:
- 14% of the close to retirement group felt that their retirement life would be better than before
- However, 25% of those already retired said that life was much more difficult and challenging than before they were retired
survey results included a spotlight on the costs of retirement. "Many retirees and pre-retirees think they do or do not have the income to live comfortably in retirement. About one in four pre-retirees (27%) and one in three retirees (35%) say they are not going to have the annual income they need to live comfortably in retirement. "In retirement years, dealing with health complications is much more severe, not only because of old age, but also because of inflation, rising health care costs and new innovations and improvements in medicine that come with a price.
the Employee Benefit Research Institute (EBRI) recently published the results of their annual survey, more than half of the people retired who were interviewed were not sure that their savings would last them through retirement. USA Today covered their investigation in an article that shared two stages by Katherine Dean Wells Fargo for those in retirement threshold. Number One, recognizes that pension spending will be massive. Number Two, plan and prepare by anticipating costs, calculate how much you'll need, and find ways to bridge the gap when the savings and pensions pension will not be enough. I give this same advice when the defense safety nets like insurance.
Older people can get their retirement life by adding long-term care and disability insurance to their financial portfolio. AccuQuote request a quote to see how the payments would potentially cost you. You also get the help of an experienced agent that you can trust who will be able to get you exactly what you need. Talk to one today so you can enjoy your retirement years with ease.
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