Definition

A strategy to shield your finances from unexpected events. It combines different tools to keep you secure when challenges arise.

What to consider

  • Understand the additional benefits provided.
  • Review any extra costs or premiums.
  • Align with your long-term retirement goals.

Real world scenarios

  • An employee added a supplemental retirement protection rider to boost his pension benefits.
  • A business owner invested in a plan that provided extra retirement benefits in addition to standard savings.
  • An individual secured supplemental retirement protection to cover potential shortfalls in retirement income.

Related terms

Reviewing: Insurance & Financial Protection (40 of 100)
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Hey there! I’m Mia. Have questions about Financial Protection Plan?
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