National Catholic Forester
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If you're one of the millions of Americans who
owns a permanent life insurance policy (or are
thinking about getting one!) you've probably done
it primarily to protect your loved ones. But over
time, many of your financial obligations may have
ended. That's when your policy can take on a new
life — as a powerful tool to make your retirement
more secure and enjoyable.
Permanent life insurance can open up options for
you in retirement in three unique ways:
It can help protect you against
the risk of outliving your assets.
Structured correctly, your policy can provide
supplemental retirement income via policy loans
and withdrawals. Having a policy to draw from can
take the pressure off investment accounts if the
market is sluggish, giving them time to rebound.
Some policies may also provide options for long-
term care benefits. At any time, you may also
decide to annuitize the policy, converting it into a
guaranteed lifelong income stream.
Life Insurance can help
Maximize your retirement
October 16, 2017 | Erica Oh Nataren, Life Happens Blog
3WAyS
LIFE INSuRANCE
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