A plan you can followThe primary benefit of MAP is that it’s a plan you can easily understand and follow. It’s an excellent option if you are disciplined enough to stay the course once you have implemented it and you want a steady stream of income in retirement (a minimum of 70 percent of pre-retirement income)
Low RiskMAP utilizes guarantees provided by insurance products to simplify and provide a more predictable path to retirement. Once implemented, just continue to make payments into your policy. There’s no need to worry about how your investment is performing, or where to reallocate your investments. There’s very little maintenance, or questioning when to distribute your savings, or any decision about when to take social security.
Benefit of insuranceMAP is an excellent choice for those who value both the direct and collateral benefits of life insurance. The direct benefit is, of course, protecting your loved ones from your premature death. Americans are notoriously underinsured. Almost one-third have no life insurance and most don’t have enough to maintain their quality of life in the event of death of the primary earner. The collateral benefits of cash value life insurance include preferential tax treatment with regard to:
- Cash value accumulation;
- Withdrawals and policy loans; and
- Death benefits.