By Mary Lou Dobbs, president, Executive Benefit Strategies Inc.
Today's trying financial environment has many business owners and their insurance agents in flux. With the financial world spinning out of control, smart business owners are looking for financial vehicles that provide recession protection for their retirement funds. And it's a common goal for the business owner to have adequate money at retirement without depleting the assets of the company to make that happen.
An increasingly popular strategy for creating a retirement income fund is using the age-old, tried and true universal life insurance policy. This product becomes more popular during a recession because it offers guarantees, a self-completion component, protection of principal, earned interest and protection from creditors. Its most appealing feature is the policyholder's ability to access money before age 59 1/2 while providing a stream of needed income.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
