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New Liberty Mutual program allows baby boomers greater control over retirement savings

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Liberty Mutual Group recently announced a new product that will allow baby boomers greater control over their retirement savings.

The Freedom Series Builder Annuity provides core fixed deferred annuity features with a competitive rate that allows customers to purchase extra safeguard and fund accessability options.

"Boomers researching safe options for their nest eggs should note that, at its core, the Builder is a fixed deferred annuity, a form of annuity that protects retirement funds from principal loss, while growing the funds tax-deferred," said Mark McVeigh, senior vice president of marketing and distribution at Liberty Life Assurance Company of Boston.

Baby boomers and young senior citizens also have a number of options available to them in the world of healthcare. According to the recently released Allsup Medicare Advisor Seniors Survey commissioned by Allsup and conducted by Richard Day Research, age is a significant driver of attitudes toward Medicare coverage. The survey also found that baby boomers are poised to obtain the most benefits from Medicare, moving forward.

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