Many people are familiar with common types of insurance products, including auto insurance and home insurance. However, these are not the only insurance products on the market. Here at Adams Insurance & Financial, serving the greater Northwest Arkansas region, we offer a coverage option known as financial insurance. If you have never heard of this coverage before, you may have many questions, including what financial insurance is and who can benefit from it. We are here to help answer your queries.
What is Financial Insurance?
Financial insurance is designed to help ensure that you do not outlive your retirement income. When you purchase financial insurance, you are paid a series of financial payments at specific intervals. Receiving these payments helps ensure you have money to live off of, and can be used to supplement your retirement benefits.
Who Can Benefit From Financial Insurance?
Those who wind up living long lives can typically benefit from financial insurance. Most people retire between the ages of 65 and 70, but your retirement may start to run out around 80 or 85. This means that you may find yourself in need of money at 85, 90, or even 95 years old. Financial insurance pays you money at specific intervals, helping to provide you with the money you need to live off of as you age. Those who live longer in life benefit most from this type of insurance.
Contact Us Today
Financial insurance, also sometimes called annuity insurance, helps to ensure someone does not outlive their retirement money. If you are concerned about having enough money as you age, financial insurance may be right for you. Contact us at Adams Insurance & Financial, serving the greater Northwest Arkansas region, to learn more about purchasing this type of insurance to help you remain financially secure in the future.