The Number One Risk Americans Face in Retirement is Outliving Their Savings

There is plenty of research that suggests outliving retirement income is one of the biggest risks retirees face today.

Here are a few things to have your client think about:

1. Start by understanding the longevity risk, an estimate of their life expectancy. Doing so will better prepare them for important decisions they’ll face as they near retirement. The Social Security Administration offers this calculator.
2. Add guarantees in an unexpected way. Though the primary purpose of life insurance is to provide a benefit at death, some policies can do so much more. An Indexed Universal Life insurance policy with the Lifetime Income Benefit Rider from National Life could be their solution.

Help your clients retire with peace of mind knowing the number one risk Americans face in retirement – outliving savings – is one concern they don’t have to worry about.