The Situation: A growing number of workers may choose to work past the traditional retirement age, either out of financial necessity or for personal fulfillment.

• On average, American pre-retirees (age 55-64) now say they expect to delay retirement to age 69. In 2001, the expected retirement age among pre-retirees was 64.
• In the same survey of pre-retirees, more than three-quarters say they would ideally like to include some work in retirement; nearly half of them (46 percent) cite financial reasons for working in retirement.

Source: The SunAmerica Retirement Re-Set Study, July 2011. retirementreset.com

Solutions

• Our Disability, Critical Illness and Cancer insurance plans meet the needs of older workers who are at greater risk of critical illnesses. Such illnesses can not only lead to costly medical bills, but they are a leading cause of disabilities that can keep people from work for an extended period of time.
• American General offers a broad portfolio of personal and group products covering life, hospital/accident, critical illness, cancer and short- and long-term disability. These products can be offered to all workers, including those who work part-time, at no cost to the employer on a voluntary or worksite platform.