• Question
  • Aviva life insurance for retirement

    Asked by someone from Lebanon, TN on 8/20/2013

    My husband and I own a small business. Recently we got a call about life insurance for retirement income with Aviva. My husband is all for it. I don't feel comfortable with this. Is this a good idea?

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  • Categories: Financial Advisors, Retirement Planning

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • You're smart to answer this question - the person calling you is likely an insurance salesperson and probably does not have a fiduciary relationship with you. A fiduciary puts your interests above their own. With any major financial decision it's a good idea to discuss it with a professional who has your interests first - that could be a fee only financial advisor who is a fiduciary to you or a CPA.

    There are a number of financial products that can generate income in retirement and many are good, but many also have high fees and are not efficient, so it's best to do your research.

    You can reach out to interview financial advisors here if you are interested: https://www.newretirement.com/free-retirement-consultation.aspx

    You can try our free automated retirement assessment here if you are interested:
    https://www.newretirement.com/retirement-calculator/default.aspx

  • Login to rate this answer:   Answered on 8/30/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.