While most people have a plan for what they're trying to achieve and how they might achieve it, fewer consider what comes next—working to protect what they've built and preparing to pass that on in a tax-efficient manner. We can work with you to help integrate this level of preparedness into your plan.
Create your own "pension"
Nearly 90% of annuity owners worry less about retirement.1 Given that fewer and fewer people will have access to corporate-funded pensions in the future, it may be beneficial to consider creating a sort of "personal pension."
Conversations create clarity
57% of caregivers for aging parents also have children under the age of 18.2 Being caught between these 2 realities can put undue strain on an entire family. We can help alleviate this strain through conversations around long-term care.
Gain peace of mind
According to an industry study, 69% of people who had life insurance reported that they felt more financially secure, vs. 49% of people without insurance.3 Fidelity can work with you to find a policy that helps meet your needs, helping you rest easy knowing you've accounted for your loved ones' financial futures.
We can provide guidance on how to employ both annuities and different types of insurance coverage designed to help both solidify your retirement plan and help keep your promises to your loved ones.
Coverage for your essentials
We can work with you to use annuities to convert some of your savings into sources of income you can rely on in retirement. This annuity income can be combined with other sources of income you have, such as Social Security, to help cover your essential expenses.
Coverage for long-term care
Given the likelihood that you'll require some form of long-term care during retirement, we can work with you to develop a plan designed to help ease the burden on your friends and family who might be called upon as caregivers.
The right policy for your plan
When it comes to insurance, knowing what kind of coverage to purchase and how much can be a challenge. Based on our understanding of your financial situation, we can work with you to help determine an amount that may make sense for you and your family.
A more comprehensive approach to helping protect your assets starts with a conversation with your Fidelity advisor.4 Here's some of what we can discuss:
Have you considered whether you have sufficient sources of guaranteed lifetime income to cover your essential expenses?
Do you have a plan to help your family meet their expenses if you’re no longer able to provide for them? Will your family have enough money on hand to meet their needs if your estate spends an extended amount of time in probate?
Will you have access to a corporate pension in retirement? Have you considered what portion of your essential expenses it will cover?
Do you have a long-term care plan? If not, how are you planning to cover the cost of care?
I'm ready to discuss your needs around protection and a range of other topics. Let's talk about your plan.
Additional resources
Insights and perspectives
Learn more about what both Fidelity and outside professionals are saying about protection.
Learn more
Take a moment to learn more about some of the different ways Fidelity can work with you to help you protect what you've built.
