Garland Insurance Agent gives advice on Retirement Planning

Garland Insurance Agent Sam Morris, Owner of Sam Morris Insurance, offers advice on providing for LTC(Long Term Care), retirement needs and legacy planning.

In these unsettling times, clients are looking for ways to meet retirement and legacy planning needs more than ever before.  Fortunately products do exist that can be used to customize a strategy to meet client goals, needs and desire for safety.  Issues facing retirees, the need for long term care, the fear of inflation and living too long, could severely affect our way of living in our final years and deplete what may be left for our heirs to inherit.  First, let’s take a look at the dilemma retirees are facing now.

• Sources estimate that 50% of Americans will need long term care during their lifetimes.
• For couples over age 65, there is a 70% chance one partner will need LTC at some time.
• According to the Social Security Administration, 50% of all Americans sign up for Social Security benefits at age 62.
• Studies also show that if both spouses are still alive at age 65, one of them has a 50% chance of living to age 92.

Put these statistics together and it may mean a retiring couple will face the prospect of at least one spouse needing LTC and enough income to last through 30 years of retirement.

What Products are Available?  Life Insurance and annuity contracts offer living benefits with guarantees.

These options can help with providing future legacy for heirs, keep funds in an investment vehicle that may allow for guaranteed lifetime income should the client need money due to inflation or living longer than expected. You should consider positioning some money that could be used for LTC options.

Call me at 972-240-8075 for a free personal analysis of your needs.

Garland Insurance Agent Sam Morris has been providing long term care insurance, along with residential property coverage, auto insurance coverage, disability income coverage, and general liability coverage to clients in Garland and East Dallas since 2000. Sam is a veteran of the armed services and makes it his personal mission to make sure that you have the right coverage… not too much nor too little. Please call today for a personal consultation with Sam.