No single retirement plan works for everyone. Your plan should be customized – shaped by your own goals, your comfort with risk, how long you have until retirement and how long you think you’ll be in retirement.
One secret not many know is this, insurance risk is never shouldered by any one company, no matter how big or how small the promised benefit may be. The ads you see on TV showing a healthy male can pay just $40 a month to protect his family with a $500,000 death benefit is really a whole bunch of companies banded together to help each other spread out any claim. This is known in the insurance trade as re-insurance.