Investing your money into a regular savings account will bring you little to no return on your investment. If you invested that money into an annuity, however, it will generate a higher return on your investment than a regular savings account. Long term investments help you protect you from outliving your savings when you are no longer generating income. At Vianca’s Insurance, we help our clients obtain the right plan and guide them towards their retirement goals.
Most people are unaware, but life insurance can be a great vehicle to help you save for retirement. A permanent life insurance policy has the ability to accumulate cash value over the years. After a premium payment is made, the cost of the life insurance is taken our then any remaining amount will go into an investment account where it will accumulate over several years. Life Insurance is a great way to accumulate for retirement, due to its flexibility to withdraw tax-free money without the restrictions of 59 1/2 age required by all retirement plans..