Truckers Legacy Life
Most Drivers Have Never Actually Checked. Your Retirement Readiness Rating tells you two things straight: whether you're on track for the income you want at 70, and whether your family would be alright if you stopped driving tomorrow.
Get My Retirement Readiness RatingSo most are guessing. Here is what drivers said when somebody finally asked them.
That last one is the problem. A quarter of all drivers are counting on their health to carry them to the finish. And the health numbers don't back that up.
The CDC surveyed 1,670 drivers at truck stops across the country. 69% were obese, against 33% of other working adults. Half smoked. Diabetes ran at twice the normal rate. More than half of drivers already had two or more of these.
The thing that ends a driving career usually isn't age. It's the physical. One reading, one diagnosis, one bad morning in a clinic — and the plan is over before the retirement was.
Sources: Truckers News driver survey, 812 drivers. CDC / NIOSH National Survey of Long-Haul Truck Driver Health and Injury, 1,670 drivers.
Ready isn't one number. These are the five places a driver's retirement usually breaks — and what drivers are doing about each one.
Freight slows down. A load falls through. The truck sits in the shop for two weeks. The bills never slow down with it.
An IUL builds cash value while you pay into it. After a few years you can borrow against that cash. No application. No credit check. It's your policy. So the slow stretch gets covered without touching what you set aside for later.
If you borrow and don't pay it back, what your family gets is smaller.
Most driving careers don't end from old age. They end in a clinic. A blood pressure reading. A sleep study. A word from a doctor you weren't expecting.
The day you can't get certified, the income stops. The mortgage doesn't.
Most of these policies include living benefits. If you're diagnosed with a serious illness, you may be able to take part of the payout while you're still alive. That's money for the house and the groceries in the months you can't work.
Money you take early lowers what's left for your family.
A savings account only holds what you managed to put in it. If something happens at fifty-eight, that's what they get.
An IUL pays the full death benefit from day one. Not just what you've saved so far. Under current tax law your family pays no income tax on it.
The house gets paid off. The kids stay where they are. Nobody has to sell anything in a hurry.
This is the part most drivers don't know. It's one pot.
There's the payout your family would get. And there's cash value building up inside the policy while you're alive. You can reach that cash. And with living benefits, you may be able to reach part of the payout too.
So it isn't only something that pays out after you're gone. It's money you can put your hands on when you need it.
Every dollar you take is a dollar they don't get later. That's the trade, and it's yours to make.
A quarter of drivers say they'll work as long as their health holds up. That isn't retiring. That's running out of road.
Later on, you can pull money out of the cash value to add to what you live on once you're off the road. Set up correctly, that money can come to you tax-free.
There's no penalty for getting to it before age fifty-nine and a half. Nobody forces you to start at a set age. You decide when, and how much.
This is life insurance that builds cash you can use. It is not a retirement account and it is not an investment.
The five are the same for everybody. Your family's numbers aren't.
Answer these questions and you'll get your Retirement Readiness Rating — where you stand on income for later, and whether your family is covered if you stopped driving tomorrow.
Question 1
If The Numbers Made Sense, What Would You Use Your Policy's Cash Value For First?
Your rating is free. A licensed agent will call to walk you through it. Nothing is locked in.
At the end you get a straight answer on two things: whether you're on track for the income you want at 70, and whether your family would be alright if you stopped driving tomorrow. Most drivers have never actually checked.
You get both ratings on the same screen, with every number you gave us listed back to you. No black box, and nothing you have to sit through.
Two ratings · yours in about 2 minutesCoverage backed by A+ rated carriers including
No black box. Here's exactly what it is, how it's worked out, and why it's worth two minutes.
Two ratings, not one — because a driver can be fine on one and not the other.
Are you on track for the money you want coming in at 70?
If you stopped driving tomorrow, would they be alright?
Each one lands in one of four places:
Plenty of drivers come back On Track on income and Not Started on family, or the other way round. That split is usually the most useful thing on the page.
Straight arithmetic on what you tell us. Nothing else goes into it.
No guessing at market returns. We don't assume a growth rate or project what your money might become. It's what goes in, over the years you have left. That's enough to show you where you stand, and it means nothing here is a promise.
63% of drivers say they haven't saved enough to retire. Almost none of them have actually sat down and run it.
There's a difference between a feeling that you're behind and knowing by how much, and how many years you've got to do something about it. The first one keeps you up at 3am. The second one you can act on.
And most drivers find the gap is smaller than they feared, or in a different place than they thought. Either way you stop guessing.
This is a picture of where you stand — not advice. It doesn't tell you what to buy or how much coverage you need. That conversation is for a licensed agent, and it's free.
Two minutes, and you stop guessing. You'll get your Retirement Readiness Rating on both counts — where you stand on income, and whether your family is covered.
See My Readiness Rating