New Directions in Post-Retirement Planning
National Underwriter (Life and Health Financial Services Edition) Online (08/06/01) Vol. 131, No. 6 p.37; Higgins, Barry

New post-retirement planning options look to prolong the quality of life for retirees. Retirement planning expert Dawn Fredette, second vice president of retirement and investment services at Travelers Life and Annuity, says people planning for retirement who have not "focused on their longevity as a risk" should consider annuitization, which insures against the threat of people outliving their assets. For the individual who has planned for retirement but is concerned about market volatility, Fredette says an indexed-based investment or fixed income portfolio may be in order. Another area of concern for Americans planning for their retirement is long-term care (LTC). To alleviate some of the anxiety surrounding this issue, financial institutions have dedicated themselves to developing new, innovative annuities, riders for life insurance policies, and enhanced LTC benefits.

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