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Protective Launches Goals-Based Retirement Income Program with Wealth Management Expert, Michael Finke, Ph.D.

Protective Launches Goals-Based Retirement Income Program with Wealth Management Expert, Michael Finke, Ph.D. | Fintech Finance

Protective Life Corporation, a wholly-owned U.S. subsidiary of Dai-ichi Life Holdings, Inc., and its principal subsidiary, Protective Life Insurance Company, announced today the launch of a new goals-based income planning program in collaboration with industry expert Michael Finke, professor of wealth management and Frank M. Engle Distinguished Chair in Economic Security at The American College of Financial Services.

The program will supply financial professionals with the strategies needed to evaluate clients’ income needs, better understand key income risks and develop specialized strategies that will help protect their clients’ goals in retirement.

“We’re thrilled to launch this program, which will strengthen our ability to provide financial professionals with the right solutions and strategies to protect their clients’ unique income goals — from funding a specific lifestyle in retirement to leaving a legacy for the next generation,” said Aaron Seurkamp, president, retirement division for Protective.

The program comes at an opportune time as investor uncertainty is mounting, interest rates are climbing and only 31% of Americans are now retiring with some form of a defined benefit retirement plan.1 As the need for income security grows, this program will position financial professionals to help their clients successfully bridge the gap between retirement savings and retirement income.

“Income planning is a crucial part of retirement planning,” said Finke. “Financial professionals who are well versed in income strategies can help facilitate these conversations with their clients and deliver solutions that help boost confidence with guaranteed income, like annuities.”

“By looking holistically at how clients want to live in retirement and tailoring an income strategy to meet their needs, we can help people truly thrive in their retirement years. That’s our goal with this program,” said James Wagner, senior vice president and chief distribution officer for Protective’s retirement division.


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