Insights | 10.24.22
Clients Need a Chief Financial Officer for Their Lives
Eric Thomes, chief distribution officer of Allianz Life Insurance Company of North American, writes that during these uncertain times, "Clients who engage with financial professionals need a chief financial officer for their lives. Preparing clients for retirement is so much more than helping them accumulate a nest egg – it is creating a strategy to last them through retirement." He cites the 2022 Retirement Risk Readiness Study from Allianz Life, which found that 63% of people who have yet to retire said they fear running out of money more than death. About 44% of all respondents said making sure they have enough money is one of the most important things financial professionals can do to help.
Read the full article on Insurance News Net