The term “Baby Boomer” is often defined as individuals who were born between the years of 1946 and 1964, during the post-WWII baby boom. When looking at this generation in particular, there are some important aspects that need to be considered from a retirement planning standpoint. The statistics can be daunting. As you’ve most likely heard before, we will see 10,000 baby boomers’ retiring every day. This presents some challenging, but necessary conversations that need to be had with these individuals as someone that works in the healthcare, insurance, and financial industry. It is Pinnacle Financial Services’ job to help you capture this audience and utilize every tool at your disposal.
Some important aspects to consider:
- Medicare and Social Security can always change as new administrations take office. By being an expert in these aspects, you will be able to provide invaluable information to your clients that will make you instrumental in their long-term financial solution. By partnering with a company like Pinnacle Financial Services, who is an expert in these complex areas, you will not only be able to become well versed in these topics but an important resource to your client.
- Statistically speaking, a baby boomer that turns 65 today can stand to live 20 years or more in retirement. This can lead to more years of necessary retirement income. With longer life expectancy, this will cause higher healthcare costs, longer years of income needs in addition to Social Security, and most likely some form of long-term care (LTC) need. These solutions can seem to be complex and overwhelming to anyone who is going into retirement.
There are many areas of concern for the baby boomer generation that is continually evolving. Living longer, higher healthcare costs, the need for more income for a longer period of time, and potential long-term care needs are just a few to consider. Pinnacle Financial Services has you covered. We offer agents everything from quoting software and electronic application processes to personalized back office support. If you are looking for an FMO partner for years to come, we are here to help.
For more information, contact a Pinnacle Representative today at 1-(800)-772-6881 x6003 or email lifesales@pfsinsurance.com.
Will Torrance
Senior Sales Director - Life, Annuities, & LTC
Contact a Pinnacle Representative if you have any questions.
1 (800) 772-6881
support@pfsinsurance.com
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