A comprehensive Ernst & Young analysis of retirement savings scenarios concluded that integrating insurance products into a financial plan significantly boosts value to investors when compared with investment-only strategies.
The paper by the Big Four accounting firm was undertaken in the wake of estimates predicting a $240 trillion retirement gap and a $160 trillion protection gap by 2030.
“Insurers are uniquely positioned to address these gaps with products that offer legacy protection, tax-deferred savings growth, and guaranteed income for life,” the report said.The paper, titled “Benefits of integrating insurance products into a retirement plan,” explores how two products can be utilized […]
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