One of the benefits of life insurance and planning for retirement is the immediate peace of mind it can give. Life insurance offers peace of mind today by providing a safety net for the owner’s family. When asked about their motivation for purchasing life insurance, owners describe how the product meets their need to have peace of mind. In fact, LIMRA research finds 90 percent of life insurance owners say life insurance provides peace of mind.
The desire for peace of mind also drives interest in lifetime guaranteed income products. LIMRA research shows that it is actually the top reason for why guarantee lifetime income is important for affluent retirees and pre-retirees. Annuities with a guaranteed life income can offer consumers that peace of mind and stability. LIMRA research finds 52 percent of affluent retirees and pre-retirees say guaranteed income for life is an important retirement income product / investment feature.
For more information on financial peace of mind today or in retirement, please contact LIMRA’s public relations team.