“Life insurance is taking on a new role in the financial plans of many. Traditionally, life insurance was used to keep survivors from being destitute. Most often, the survivors were the wife and children of a working husband and father. Today, however, life insurance is being used to enhance retirement or to make life easier for surviving relatives. With all of the different products available today, life insurance can be a powerful weapon…. Life insurance is wonderful for people who….. are not risk-takers, but are very conservative and want strong guarantees.”
 
“Make income the cornerstone of your retirement plan -- With people living longer and retiring earlier, and with the uncertainty of today's volatile financial markets, receiving a guaranteed income payment to cover your core retirement costs for as long as you live becomes critical to a comfortable retirement. In the past, many individuals have relied upon Social Security and company pension plans, but many of today's retirees must look elsewhere, such as to annuity products, to provide this guaranteed income.”
 

“While life insurance is still first and foremost a benefit that pays off at death, more and more it's being viewed also as an investment for retirement and a family's future.”

“When professional investors invest in stocks many use insurance to protect their assets. But most people in DC pension plans [401(k)’s and the like] have no insurance from catastrophic loss. When the market crashes, they find out they have no control. As captain of your own ark anything you invest in must be insured.”