Supplementing Retirement Income with Whole Life

Retirement your way. That’s what whole life insurance offers you — a versatile and flexible financial vehicle to provide for your loved ones while possibly supplementing your retirement income along the way.

None of us know how long we’ll live, and that uncertainty can make planning for retirement difficult. You don’t want to take a pay cut or reduce your lifestyle during your retirement years, but traditional retirement vehicles can
constrain your income level.

Whole life insurance spans your lifetime, so it can help eliminate some of the guesswork around protecting loved ones while maintaining a place to tap into supplemental retirement income. Whether your retirement looms in the
distant horizon or in the near future, whole life allows you to take the long view, providing you with a built-in cash reserve you can tap into if and when you need it.1

Whole life isn’t just a valuable death benefit for you and your loved ones. It’s also a valuable “living” benefit for your retirement life. The cash value in a whole life policy does more than cover emergencies. Unlike some financial vehicles that place restrictions on withdrawals, you can withdraw money from a whole life policy at any age, for any reason, without penalty, as long as there is sufficient cash value accrued in the policy.1

Additionally, unlike 401(k)s and most IRAs, whole life policies don’t have a maximum contribution limit. You choose your contribution limit based on your individual retirement needs, wants, and policy size. Used in combination with other retirement assets, such as 401Ks, IRAs, and annuities, whole life contributes to building a comfortable retirement nest egg, all while offering the additional benefits of tax-deferred growth.1

Plus, if you don’t want or need to access your whole life cash value, you can live through your retirement years in confidence — spending down other retirement assets knowing you still leave a legacy to your loved ones through your policy’s guaranteed death benefit.

Tackle Retirement Income Uncertainty

Whole life can assist you in bridging the gap you may face when it comes to securing retirement income. Consider these planning realities:

• Social Security pays an average of 40% of what retirees made during their working years.2
• It’s estimated there are only enough Social Security funds to pay 75% of scheduled payments after 2035, or about 30% of retirees’ salaries.3
• Chances are you’ll spend 20 years in retirement, the length of time for the average American.4
• Ideally, you’ll want to save for 25 years of retirement at your desired percent of salary, be it 75%, 85% or even 100%, based on your retirement plans.

Secure Your Retirement Vision

Saving for retirement requires a careful balance between assets and protection. Whole life policies offer both, helping you live the retirement you’ve always envisioned. Incorporating whole life into your retirement portfolio now will prepare you for whatever the future holds.

Brought to you by The Guardian Network © 2018. The Guardian Life Insurance Company of America®, New York, NY

2018-55047 Exp. 2/20

1 Whole life insurance is intended to provide death benefit protection for an individual’s entire life. With payment of the required guaranteed premiums, you will receive a guaranteed death benefit and guaranteed cash values inside the policy. Guarantees are based on the claims-paying ability of the issuing insurance company. Dividends are not guaranteed and are declared annually by the issuing insurance company’s board of directors. Any loans or withdrawals reduce the policy’s death benefits and cash values, and affect the policy’s dividend and guarantees. Whole life insurance should be considered for its long term value. Early cash value accumulation and early payment of dividends depend upon policy type and/or policy design, and cash value accumulation is offset by insurance and company expenses.
2 U.S. Social Security Administration, Social Security: Understanding the Benefits. 2014. Web. 17 Dec. 2014.
3 U.S. Social Security Administration. Office of Retirement and Disability Policy. The Future Financial Status of the Social Security Program. By Stephen C. Gross. 3rd ed. Vol. 70. 2010. Web. 17 Dec. 2014.
4 The 2012 Scottrade® Advisor Services Study, 2012.


This material is intended for general public use to potentially assist you in planning for your future. By providing this material, Guardian/Park Avenue Securities is not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity.

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