Insurance Pro Blog Podcast

Get Inflation Beating Retirement Income with Whole Life Insurance


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Inflation is all around us and everyone is failing the pinch of higher prices at the gas pump, grocery store, and soon-to-be winter heating bills. None of this is helped by the broad market declines over the past 12 months. 

If you own stocks and bonds, you're probably wondering about that supposed inverse relationship you learned about. And if you are living on the income you derive from your investment portfolio, things probably seem a little scary.

What if you could use whole life insurance to provide an inflation-protected income during retirement? Yes, you read that correctly...whole life insurance and retirement income in the same sentence. And no, no one has to die to accomplish this.

It turns out that whole life insurance is great at generating income if you plan early to have it do that. In today's episode, we take a look at two scenarios:

  1. The first assumes a static retirement income from a whole life policy from age 65 to 100. We calculated the maximum income this person could take and have it last for the full 35 years.
  2. In the second scenario, we took a look at the same policy but what happens when the person starts taking a bit less in income for the first 10 years and then takes the maximum (recalculated at age 75). 

We think you'll be fascinated by the results.  ___________________________________

If you'd like to look at how a policy could for you in a similar fashion, please click right here to get in touch with us. We personally answer all the messages that we receive and do our best to get back to you within 24 hours.

 

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Insurance Pro Blog PodcastBy TheInsuranceProBlog.com

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