Plenty of retirees are carrying a death benefit they forgot about, tucked inside an annuity, an old policy, or a benefit from a job they left years ago. Before you buy new life insurance, take an inventory. The smartest sentence I've heard in a review meeting this year explains why.
You would never take a new medication without checking what it does alongside the ones you already take. But most people buy annuities, life insurance, even funeral policies without asking the same question. One client's story shows why the question matters more than the product.
Recent surveys show retirees prioritize dependable monthly income over chasing high returns, but many advisors still focus heavily on growth strategies.
A mom in a nursing home, an annuity that won't pay out, a timeshare that cost thousands and sold for zero, and a CD that was never designed for you. Episode 2 hit different.
When traditional long-term care insurance seems too expensive or hard to qualify for, annuities with care riders might be the alternative you need.
Maximizing retirement income requires careful consideration of various strategies, including fixed annuities and permanent life insurance.