Disability Insurance Won’t Grow Your Retirement Funds

{1:48 minutes to read}
Retireguard is a MassMutual Disability Income product or rider that can be attached to a MassMutual Disability Policy or sold as a stand-alone disability product. It is a unique policy that is designed to help a disabled individual save money during a period of disability.

In a traditional scenario, your clients either have disability insurance or they don’t. Even if they have disability income insurance, most of the policies sold today, end at age 65. So, if they are disabled from 55 to 65, what might happen is at age 65, they may find themselves in a difficult position because they have been unable to save money for retirement for the past 10 years. This program enables them, even if they have full disability insurance, to insure their retirement savings.

For example, if your client is saving $20,000 a year in a 401 k and becomes disabled, they are no longer able to contribute to that 401 k. This program will enable them to continue that savings. That $20,000 a year would go into a trust, that would grow, tax free, just like the 401 k.

If you would like to know more about this unique policy or rider, let us know and we will be happy to provide quotes for your clients so you can illustrate how this valuable feature, product, or rider can work for them.

Registered Representative offering Securities through American Portfolios Financial Services, Inc. (APFS) Member FINRA/SIPC. Strategic Wealth Advisors Network and Gassman Financial Group are not affiliated with APFS.

Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc.(APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors.