Deliver retirement confidence amid life’s uncertainties by starting a guaranteed income conversation.
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Why have a conversation about guaranteed income?
Most retirees are confident their must-have expenses are covered.
Say they have enough guaranteed income from Social Security and pensions to cover their “must have” expenses.1
But even the best-laid plans are just one unexpected event away from derailment.
It’s easy to underestimate the impacts of life’s uncertainties, like a forced retirement in a down market. This can put an income plan at risk when the dollars have to stretch further.
Guaranteed income solutions can solve for retirement uncertainty and instill confidence.
Watch this video to understand the dangers of underestimating risk, and why offering a guaranteed income solution can instill more confidence in a long-term plan.
Start a conversation about guaranteed income solutions now.
Put people on a path to retirement confidence. Download our prospecting resources to help start the conversation about guaranteed income solutions.
Common risks to retirement income that are easily underestimated:
Live Longer Than Planned
Almost half of retirees don’t think they will live past age 903, but for couples there is a 50% chance one partner will live to age 93.1
Experience a Health Care Shock
A 65-year old could need $285,000 to cover health care expenses in retirement — and that doesn’t include long-term care.5
Retire in a Down Market
Waiting for retirement savings to recover from a down market can be tough, especially for 53% of people who retire earlier than expected — and most often not by choice.2
Start a guaranteed income conversation.
Use Protective’s prospecting resources to start a conversation about guaranteed income that easily transitions into opportunities for planning solutions and referrals for your business.
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1LIMRA Secure Retirement Institute. The Retirement Income Reference Book — Fourth Edition. 2018.
2Based on data from LIMRA Secure Retirement Institute, The Inner Workings of Retirement Timing, Consumer Behavior and Attitudes. 2018.
3Society of Actuaries. Retirement Survey Report Key Findings and Issues: 2017 Risks and Process of Retirement Survey. January 2018.
4Calculated by Protective Life using data from Bureau of Labor Statistics, Consumer Expenditures Survey 2016, April 2018. The average annual expenditure for age 65+ is $45,756.
5Planning for Health Care in Retirement: A Guide to Covering Your Medical Expenses. Fidelity Investments. 2018.
6American Association of Long-Term Care Insurance, January 2019 U.S. Department of Health and Human Services.
7Calculated by Protective Life using data from the S&P 500 Index Daily Returns.
For Financial Professional Use Only. Not for Use With Consumers.
Protective and Protective Life refer to Protective Life Insurance Company (PLICO) and its affilitate, Protective Life and Annuity Insurance Company (PLAIC). Annuity products are offered through Protective Life Insurance Company in all states but New York, and in New York products are offered through Protective Life and Annuity Insurance Company. PLICO is located in Brentwood, TN and PLAIC is located in Birmingham, AL. All payments and guarantees are subject to the claims-paying ability of the issuing company.
Annuities are long-term insurance contracts intended for retirement planning.
© Protective Life Corporation, Birmingham, AL | All Rights Reserved |
© Protective Life Corporation, Birmingham, AL
All Rights Reserved