EY’s newly released study-
Holistic Retirement Planning: Enhancing Outcomes with Insurance Products
Looking at current economic trends, new products, and changing customer needs, EY’s most recent study proves — for the second time in four years — that a holistic financial plan leads to better outcomes.
Separate Models, Same Outcomes
EY’s newly released study, Holistic Retirement Planning: Enhancing Outcomes with Insurance Products, does not aim to compare the performance of the 2022 study, Benefits of Integrating Insurance Products Into a Retirement Plan.
The overarching goal of both papers is to explore the potential benefits of incorporating insurance into retirement planning.
EY researchers estimate that by 2050 we will have...
$400
trillion global retirement savings gap
$240
trillion protection gap
Examination of Social Security income as an element in holistic retirement planning
- Social Security serves as the primary source of retirement income for most individuals over the age of 65.
- By 2033 Social Security may be unable to pay out 100% of total benefits.
Exclusive Insights from EY’s Phil Ferrari...
With growing protection and retirement gaps, there’s an urgent need to support consumers through a range of financial tools, helping them plan more holistically for the future.
On Demand: Unpack EY's New Study
The Future of Financial Security Retirement Planning
In this special Advanced Markets session, Phil Ferrari explored how integrating insurance products—particularly in-plan annuities—can address investors’ needs for savings growth, income security, and legacy protection. He also emphasized the importance of holistic financial planning and shared key insights from EY’s influential white papers, including The Benefits of Integrating Insurance Products in Retirement Plans (v1.0 & 2.0) and Protected Retirement Income Solutions.
Bonus: This on-demand course has been approved for 1 CE credit by the CFP® Board upon successful completion!
Real-World Impact
For a 65-year-old couple at retirement, the combination of IUL, FIA, Investments, and Social Security does bolster the income that can be achieved.
Case study begins on page 22 of the report.
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