Clients in today’s economic environment need to be prepared for a variety of risks to their financial well-being. Their retirement strategy in particular needs a mix of assets that can help support and protect long-term goals.
Along with traditional sources of retirement income – including Social Security benefits, a pension, a 401(k), an annuity, and other investments – a fixed index universal life insurance (FIUL) policy can play an important role in complementing an overall financial strategy.
While its death benefit for beneficiaries is the primary reason for owning life insurance, FIUL can also help diversify client portfolios and help address four significant factors that can diminish their comfort in retirement – the risks of inflation, taxes, volatility, and longevity.