According to a recent Gallup survey, most Americans now believe they will have to work longer and put off retirement until age 67. Even then, few expect to enjoy a financially secure retirement.
The loss of retirement funds during the recent recession, coupled with a rising life expectancy, is forcing many employees to change the way they save for and think about retirement—going beyond the traditional 401(k) and savings accounts.
Typically, life insurance is purchased as a way to protect and provide for a spouse and/or child after death. However, more employees are considering life insurance for its financial benefits leading up to, during and after retirement, to ensure a more secure financial future for themselves and their families.
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