With the baby boomer
generation approaching retirement age, more and more of couples will fall into this category.
According to an industry expert, the higher request rate is due to changing requirements for life insurance protection for the baby boomer
generation approaching retirement, and the current economic climate that is forcing many families to live on tighter budgets.
«As the baby - boom
generation approaches retirement age, the number of cases of impotence will [likely] increase,» noted the company's annual report in 1996.
The report says «a frequently heard myth» is that as the leading edge of the large baby boom
generation approaches retirement, home prices will collapse as this group sells their family homes to a smaller pool of younger buyers.
Not exact matches
To that point, 69 percent of baby boomers — a
generation of individuals who are either in or
approaching retirement — expect Social Security to be a «major» source of
retirement income, according to a new report released this month by the Insured
Retirement Institute.
That's especially true when it comes to where to live: While the previous
generation might have been happy to put aside careers and seek out an endless summer in Florida or Arizona, no single
approach to
retirement is going to work for this diverse bunch.
Or perhaps you're
approaching retirement age and are ready to pass on your company's reins to the next
generation.
He added that the nation's population is aging but that this
generation of seniors, and those still
approaching retirement age, are unlike those who came before.
FASEB worries that as mentors
approach retirement age, there won't be enough to teach the next
generation.
Or perhaps you're
approaching retirement age and are ready to pass on your company's reins to the next
generation.
«While everyone has a different aspiration for
retirement, the survey uncovered a certain wisdom of experience in Boomers and retired investors» investment
approaches — and key lessons and insights for younger
generations.»
Larger mortgages, higher student loans and a greater overall comfort with debt than displayed by earlier
generations has increased the average debt for households
approaching retirement by nearly 160 % from 1989 to 2010, according to AARP.
States with pending nuclear
retirements have taken two
approaches to address this threat to their baseload
generation: subsidize nuclear generators, or embrace substitute fuel types.
For example, in response to the arrival of the Boomer
generation, which is proportionately larger than the rest of the population, society invested heavily in: maternity wards as they arrived; elementary schools as they reached school age; colleges and universities as they
approached adulthood; and new
retirement models as Boomers
approach 60 years of age.
While marketing for term life insurance to a younger
generation would involve highlighting that buying early can save people money in the long run, the emotional impact of discussing final expense insurance coverage, its affordability, its relative ease in terms of comparison to a traditional life insurance policy and the fact that it gives a great deal of peace of mind for someone
approaching retirement and beyond are some of the key ways that a final expense agent can assist with this purchase and encourage people to take that final step of obtaining a policy.
About Blog RR is about the reinvention of traditional
retirement — how the baby boom
generation is revising its
approach to careers, money and lifestyle after age 50.
The baby boom
generation is fast
approaching retirement.