Retirement Planning Concepts
Retirement Planning Concepts
The building blocks of a strong retirement plan — and where life insurance fits.
6 min read
Start with a question
Where will your income come from once you stop working?
In plain language
A strong retirement plan brings together several sources: Social Security benefits, employer plans such as a 401(k), individual retirement accounts, personal savings and other assets.
Permanent life insurance like IUL adds two things to that plan: lifelong protection for your family and cash value you can access later through loans or withdrawals. Your licensed professional shows you how it fits with your other resources.
Government
- Social Security benefits
Workplace
- 401(k), 403(b) or pension plans
Personal
- IRAs
- Savings
- Permanent life insurance cash value
A practical example
Example
Tom, 45, lists all of his retirement income sources and adds an IUL to protect his family and build cash value for the years ahead.
Keys to get the most from it
- Coordinate your insurance with your other retirement resources.
- Review your policy values and contributions every year.
- Start early to give your cash value more time to grow.
Common questions
Request Free IUL Information
Request Free IUL InformationReady to put what you learned into action?