It takes a lifetime to build a retirement nest egg. As we age out of our peak earning years, it becomes more and more challenging to replace money we lose in risky investments such as stocks and mutual funds.
A good way to describe life insurance is "protection against dying too soon." Annuities are the flip side of life insurance and can be described as "protection against living too long."
There are many new types of cutting-egde life insurance products that are designed as much to be a retirement vehicle as they are protection against death.
Medicare is the health care system setup by the federal government for use by persons over the age of 65. Certain people with disabilities can become eligible for and enroll in Medicare prior to age 65 if they meet specific criteria.
