Some, but not all, retirees would like to leave something of monetary value to their heirs. Most who do will simply leave what remains, if anything, after expending their assets as needed to support themselves throughout their lives.
Lifetime annuities may seem complicated, but Professor David F Babbel has an easy comparison to help make them easier to understand – he compares a lifetime annuity to what happens with a home mortgage.
The cumulative effect of volatility during retirement can be disastrous. A comprehensive set of simulation studies conducted by Canadian Jim Otar shows the impact of market volatility on a $1 million retirement portfolio over time.
6 February 2018:Remove the Trauma from Trauma Conversations - The value of trauma cover often plays second fiddle to a conversation about income protection. Olivia Sarah-Le Lacheur discusses how this need addressing.
Income Care Protection
12 December 2017:The changing face of insurance - The long term sustainability of the insurance industry is critical to the nation's health. Olivia Sarah-Le Lacheur discusses the changing face of Australia's income protection offering.