Financial Protection with Insurance

It is necessary of course to financially protect oneself during all phases of adulthood, but typically we think of retirement when it comes to financial protection. Economic realities become more pronounced when income is changed by retirement. When there is no longer a regular income from a job, finances change. For individuals who saved enough to have the same income initially during retirement, it may seem like there will be no problems, but as time goes by that may no longer be true. Outside influences can change an adequate income to an inadequate income with the passage of time. Insurance agents must understand the elements of insurance that help their clients have a financially secure retirement. This course addresses the financial issues people face in retirement, both initially and long-term. This course focuses primarily on the influences that are not always obvious to the newly retired individual and their agents, including long-term care requirements, the loss of spending power over time, and changes in financial expectations.