Careful Buying Life Insurance as Fiduciary Rule Takes Effect

The regulatory winds are changing, and many investment pros have been changing their business models as a result. That could mean recommending life insurance for your retirement plan. But does it make sense for you?

(Image credit: Dvougao)

Should you buy life insurance to fund or augment your retirement savings? Life insurance retirement-planning solutions make sense for some, but they are not right for everyone. However, more people may be faced with that question, thanks to recent news from the Department of Labor.

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Ash Toumayants, Investment Adviser Rep
President and Founder, Strong Tower Associates
Ash Toumayants is the founder of Strong Tower Associates, a retirement planning firm dedicated to helping clients in all stages of life prepare for retirement. For over a decade, he has helped hardworking people across Central Pennsylvania prepare for retirement. Investment Advisory Services offered through Retirement Wealth Advisors, (RWA) a Registered Investment Advisor. Strong Tower Associates and RWA are not affiliated.