![83%
have a mortgage
23 years is average number of
years remaining on mortgage
Over 50%
long-term retirement and care expenses
About 91%
of older
adults
have at least
one chronic condition, and
73%
have at least two.
US Department of Agriculture, Expenditures on Children by Families, 2014
Source: US Census Bureau, American Housing Survey: Mortgage characteristics of homeowners, 2013
National Council on Aging ( 2014)
Allison K. Hoffman & Howell E. Jackson, Harvard Law School Public Law & Legal
Theory Working Paper Series, Paper No. 13-14, “Retiree Out-of-Pocket Healthcare Spending:
A Study of Consumer Expectations and Policy Implications”, American Journal of Law & Medicine, 39 (2013)
Homeowners aged 35-44
Policies issued by: American General Life Insurance Company (AGL). Issuing company AGL is responsible for financial obligations of insurance products
and is a member of American International Group, Inc. (AIG). AGL does not solicit business in the state of New York. Products may not be available in all
states and product features may vary by state. Guarantees are backed by the claims-paying ability of the issuing insurance company.
© AIG 2015. All rights reserved.
AGLC108982
Contact American General Life to find how to get
access to the right products and options that meet
your needs – we call it Optionality
Research and leverage our tools, information,
and dependable products. With life insurance
you don’t have to die to use, you have options
and flexibility that help meet your financial
needs for both planned and unplanned
expenses. Build a predictable financial future to
help ensure your financially healthy retirement.
Costs to raise a child
PLANNED & UNPLANNED EXPENSES
$
245,000
estimated costs to age 18
$
92,000
4 year public college
$
312,000
4 year private college
vastly
under estimate
For more details please contact:
[Producer Name]
[Producer Phone Number]
[Producer Email Address]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Gen X....Financial Plan Strong Enough to Withstand Expenses?
- 1. PLANNED & UNPLANNED EXPENSES Generation X lost close to 60% of net worth between 2005 and 2010 35% don’t expect to receive any social security income Generation Xers need about 16xtheir final salary to retire comfortably 40% say they are not confident about having enough money for retirement 47% have a parent 65+ and are raising a minor child or supporting a grown child 48% have financially provided for a child 18+ in the past year AON Hewitt, From Red Hot Chili Peppers to Rush to the Rolling Stones—Three Generations Prepare for the Future, 2014 Pew Research Center, 2012 Pew Research Center, "The Sandwich Generation: Rising Financial Burdens for Middle-Aged Americans", January 2013 Pew Research Center, The Generation Gap & The 2012 Election , 2011 U.S. Census Bureau, June 18, 2012 News Release, New Census Bureau Estimates from 2005 to 2010 Show Changes in Household Net Worth Build a predictable financial future and help ensure your financially healthy retirement. With life insurance you don’t have to die to use, you have options and flexibility that can help meet financial needs for both your planned and unplanned expenses. born 1965 - 1979 Is your financial plan strong enough? Will it withstand the impact of planned and unplanned expenses? GENERATION X FINANCIAL STRENGTH
- 2. 83% have a mortgage 23 years is average number of years remaining on mortgage Over 50% long-term retirement and care expenses About 91% of older adults have at least one chronic condition, and 73% have at least two. US Department of Agriculture, Expenditures on Children by Families, 2014 Source: US Census Bureau, American Housing Survey: Mortgage characteristics of homeowners, 2013 National Council on Aging ( 2014) Allison K. Hoffman & Howell E. Jackson, Harvard Law School Public Law & Legal Theory Working Paper Series, Paper No. 13-14, “Retiree Out-of-Pocket Healthcare Spending: A Study of Consumer Expectations and Policy Implications”, American Journal of Law & Medicine, 39 (2013) Homeowners aged 35-44 Policies issued by: American General Life Insurance Company (AGL). Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). AGL does not solicit business in the state of New York. Products may not be available in all states and product features may vary by state. Guarantees are backed by the claims-paying ability of the issuing insurance company. © AIG 2015. All rights reserved. AGLC108982 Contact American General Life to find how to get access to the right products and options that meet your needs – we call it Optionality Research and leverage our tools, information, and dependable products. With life insurance you don’t have to die to use, you have options and flexibility that help meet your financial needs for both planned and unplanned expenses. Build a predictable financial future to help ensure your financially healthy retirement. Costs to raise a child PLANNED & UNPLANNED EXPENSES $ 245,000 estimated costs to age 18 $ 92,000 4 year public college $ 312,000 4 year private college vastly under estimate For more details please contact: [Producer Name] [Producer Phone Number] [Producer Email Address]