Is Your Retirement Secure?
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Wednesday, July 3, 2019

We've all heard horror stories of people who have been saving for retirement their entire lives only to have a catastrophic incident occur that depletes their bank account, leaving them with relatively few years to start over and build up what they can.

According to Principal Financial Group, 61% of workers are concerned about their long-term financial future, and the number one people have to take early retirement is due to health reasons (61$). As a broker that is concerned about their clients' financial welfare, you should consider discussing DI Retirement Security.

Let's say your client starts contributing $2,000 a month towards their retirement funds that yield a 5% return when they are 30 years old with an expected retirement age of 65. At that rate, their expected final retirement fund would reach $2.2 million. But if they were to become disabled at 40, those contributions would cease and while that still locks in the final contribution amount and builds interest, the final amount would only be $1 million – less than half of what they would have received if everything went well.

With as many as 25% of people in the current workforce likely to become disabled at some point during their career, your client is likely worried about how a disability would not only affect their income but their retirement as well – especially if their disability were severe enough to force an early retirement.

DI Retirement Security fills the large contribution gap for your client. Depending on the policy, your client can secure up to 100% sustained contributions to their retirement fund in the event of disability. Combined with Disability Insurance, your client can receive the peace of mind they desire and protect their future. For more information, feel free to contact us at Income Protection Resource Group with any questions!



 
 
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IPRG BLOG

Combining Life and Disability Insurance
Tuesday, October 15, 2019


Disability Insurance Myths
Tuesday, September 24, 2019
 

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