Saving money for retirement is important, but it needs to be protected, and that's where voluntary benefits come in, writes Lydia Jilek of ING. While life insurance protects a consumer's family, other tools can help with covering deductibles, out-of-pocket costs or any unexpected expenses, helping leave savings untouched until retirement, Jilek writes. Critical illness, hospital indemnity, disability and accident insurance are among the options that should be considered, she writes.

Related Summaries