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Insuring Retirement and Pension Contributions

The ability to earn an income and save for retirement can be compromised by an illness or injury. Having a strategy in place to protect those contributions can be the difference between a comfortable retirement and not having a retirement.

While Group Disability and Individual Disability Insurance protect your net income, what is going to protect the money that has been set aside to your retirement and pension plans?

One of our strategic carrier providers has created an innovative product, DI Retirement Security, that can help your client continue saving even when the income stream stops due to disability.

If your client becomes disabled, the policy pays Disability benefits into an Irrevocable Trust at Banker’s Trust Company. Banker’s will invest the benefits on your behalf into one of six allocation models (based on your client’s risk tolerance), until you reach the end of the benefit period. When retirement comes, your client will be able to pull these benefits out of the Trust income tax free if premiums are paid with after-tax dollars.

The DI Retirement Security product can be an extremely important safety net to help ensure your clients meet their retirement goals. Making sure they are able to retire at the age they want and with the security of knowing they will not outlive their savings. This carrier has made great strides in attempting to protect all aspects of your client’s portfolio.

To learn more - contact your Brokerage Consultant, or reach out to:

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