Life Insurance Quotes

New report examines financial planning importance

10/27/11

A recently released report from HSBC, The Future of Retirement: The power of planning, has revealed that many Americans are at risk of a frugal retirement if they do not plan ahead.


The report found that 38 percent of respondents said they would prefer to spend only half an hour seeking advice from a financial professional and that would be for their immediate needs rather than the future.

"It's surprising that people aren't willing to invest more than 30 minutes in taking professional advice to prepare for the rest of their lives," said Patrick Cozza, regional head of insurance at HSBC North America. "We would encourage people to start doing something without delay, no matter how small, and it's important that people also set aside enough time for quality, expert advice."

Preparing for retirement can include investing in an annuity. Life insurance policies and annuities can get mistaken for the same thing since they are usually grouped together but an annuity provides for the investor whereas a life insurance policy provides for the policyholder's loved ones and dependents. It is recommended that individuals speak with a financial professional before purchasing an annuity. 

Talk to an Advisor

A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.

Call: 1-800-823-4852

Chat: Live Advisor Chat

Sm

A few of the carriers we quote