“Despite having to navigate various macroeconomic, economic and social challenges, the US life insurance and retirement industry holds significant potential for growth”.
E&Y just published a continuation of a series analyzing the impacts and potential benefits of including insurance products in a retirement plan to help meet the savings and protection needs of consumers.They ultimately concluded that:
Lionel Lauture Director, Protection Sales Development Ash Brokerage |
And we have some thoughts.
We agree.
We could stop there, but we know the paper is long, full of big words and analyses and not everyone will read the whole thing.
They compared six strategies, generating 1,000 scenarios, each containing a time series of interest rates, inflation rates, equity returns and bond returns.
What they compared:
Here are the outcomes of each:
So what?
The researchers at E&Y estimate that by 2050 there will be a $483 trillion retirement savings gap and a $240 trillion protection gap.
There is a real longevity risk on the table.
The products we offer at Ash are uniquely positioned to address these gaps with products that offer legacy protection, tax-deferred savings growth and guaranteed income for life.
We offer annuities, Medicare, long-term care, linked benefit, life and disability insurance with strategies that preserve wealth and maintain lifestyles.
We offer products that support both the accumulation and decumulation phases, able to be customized to different goals and income levels.
We were drawn to this paper, and hope these results resonate with you.
If they do, give us a call.