Montpelier, VT - (October 16, 2020) Retirement Homeroom, a retirement planning website, has been enhanced and upgraded to help educators better understand their financial future.
Retirement Homeroom is an even more valuable resource in the unsettled world of the pandemic because educators have few opportunities to sit down with a professional to plan their retirements.
“National Life is dedicated to providing employees in schools and community colleges plans that enable them to retire with the dignity they deserve,” said Darlene Flagg, Vice President of Retirement Business at National Life. “We’re pleased to introduce enhancements to the national version of the Retirement Homeroom, along with sites specific to individual states, to help them reach their goals.”
Among its many features, Retirement Homeroom allows educators to see their state’s pension grade. Nationally, 46 percent of a teacher’s retirement income will come from personal savings, such as a 403(b) account or an annuity, because their public pensions won’t meet their needs. 1
There are tools on the site to help educators plan for how and how much to save so they will be able to retire comfortably, including profiles that visitors can use to compare themselves to educators in similar circumstances. “Our promise is to help educators understand their retirement future and to offer solutions that help them achieve their goals,” Mehran Assadi, Chairman, President and CEO of National Life.
National Life has a long history of helping educators plan for retirement. National Life is the No. 1 provider of fixed indexed annuities in employer plans2 and is the longest standing issuer of them. 3
National Life is here to bring you peace of mind. We’ve been keeping our promises since 1848. Believe in tomorrow. Do good today. Learn more at NationalLife.com
Contact: Ross Sneyd, corporate communications, National Life Group, 802.229.3866.
Products issued by: National Life Insurance Company, Life Insurance Company of the Southwest.
National Life Group® is a trade name of National Life Insurance Company, founded in Montpelier, Vt., in 1848, Life Insurance Company of the Southwest, Addison, Texas, chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Annuities have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the annuity. This is not a solicitation of any specific annuity contract.
1 The State of Retirement: Grading America’s Public Pension Plans, Urban Institute, May 2014, accessed August, 2020
2 LIMRA US Individual Annuity Industry Sales Report, 4Q2019
3 Insurance News Net, FIAs at Age 20, 2015