New Videos Highlight Recent Research On Importance Of Long-Term Financial And Retirement Planning

WASHINGTON, Jan. 31, 2018 /PRNewswire/ -- New videos the American Council of Life Insurers (ACLI) website highlight key findings of recent research that finds that income alone does not determine financial security in retirement.

"Financial security in retirement is accessible to most people. But as our research finds – and as our videos illustrate – high-income people who fail to plan properly can face significant retirement challenges. Mid to low-income people who plan and save well in working years can enjoy peace of mind and financial security in retirement," ACLI President & CEO Dirk Kempthorne said.

Life insurers' products – life insurance, annuities, long-term care and disability income insurance, in addition to employer-based retirement plans – are key to building financial and retirement security.

"Smart, long-term financial planning can help ensure a lifetime of dignity and financial independence," Governor Kempthorne said. 

The data points referenced in the videos come from ACLI's 2017 report, "Assessing Americans' Financial & Retirement Security."  It found, among other things:

• 25 percent of the most financially secure households earn $50,000 or less.
  
  
• 65 percent of U.S. households are on track or nearly on track to be financially secure.
  
  
• Nearly 50 percent of households agree that they need "expert help in retirement planning."

"The videos aim to convey in a user-friendly way the components necessary to achieve financial security. They represent just one more way ACLI and life insurers overall educate Americans about the importance of long-term financial planning and products that can offer a lifetime of financial security," Governor Kempthorne added.

SOURCE American Council of Life Insurers

Related Links

http://www.acli.com/