Dar es Salaam, April 28 -- DAR ES SALAAM: ACCORDING to FinScope Tanzania 2023 Survey, 28 per cent of Tanzanian adults aged 55 years and below have no retirement plans.

Data from the survey also shows that 8 per cent of people expect their children to take care of them when they retire while 2 per cent depends on money from family and friends.

When planning for retirement, most people focus on savings accounts, pensions, and investment vehicles. While these are important, life insurance is an often-underestimated tool that can bring both security and financial flexibility to a well-rounded retirement plan.

Life insurance goes beyond providing a death benefit. These policies build cash value over time, which policyholders can borrow agai...