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Prudential Research & Perspectives Our original research and thought leadership provide vital insights into important issues for our clients, financial professionals, policymakers, and the general public.

Life Insurance: The Versatile Tool for Retirement Protection

Life insurance is often used as protection for families during working years to insure against risks to their financial security, but it’s typically deemed less necessary during retirement. However, with the shift to a 401(k)-dominant world, in which couples bear the risk of preserving enough financial capital to generate income for decades of retirement, the need for life insurance at older ages has increased. Much like a versatile Swiss army knife, permanent life insurance can be used to help protect against the risks that retirees may face.

Permanent life insurance in retirement can help reduce the risk of:

  • Outliving your financial capital
  • Depleting financial capital to pay high healthcare costs
  • Paying high taxes in retirement
  • Investment vulnerabilities

To view the full report, download Life Insurance: The Versatile Tool for Retirement Protection.

 

 

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