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Did you ever think that life insurance could be a valuable tool during your working years as well as after? Interestingly, life insurance can be a useful tool for many individuals and families who are approaching retirement as well as for those who are already retired.
Most of us buy life insurance to replace the loss of income that would occur should we die or to create an estate for our loved ones (click here see accompanying Did You Know article), but there are many other reasons:
- You have an aging parent or disabled relative who depends on you for support
- You have a large estate and expect to owe estate taxes
- You own a business and have a partner
- You have a substantial joint financial obligation, such as a personal loan for which another person would be legally responsible after your death
Life Insurance and Retirement
Many retired couples depend on Social Security and pension income to survive. When one spouse dies, those payments may be reduced — survivor benefits are often much lower than retiree benefits — while many of the ongoing expenses remain for the survivor. You can help protect your surviving spouse from this reduction in income with life insurance. The death benefit can replace your missing income so a personal loss does not become a financial one as well.
Call us — I can help you analyze your individual situation so you can determine your life insurance requirements and decide whether your coverage is appropriate for your needs and your family.
Life insurance issued by Farmers New World Life Insurance Company,
Mercer Island, WA 98040.
Products and features may not be available in all states and may vary by state.
Products and features may not be available in all states and may vary by state.
end of article
This message is brought to you by Farmers Insurance.
Farmers Insurance claims #: 1 - 800 - Help Point
Farmers Insurance claims #: 1 - 800 - Help Point
Other life Insurance themed blogs:
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The greatest need: Single Parents
Families with Special Needs Children
British Royal Marine spends a message with his life insurance
Advanced LUTCF Training for Platinum Elite Team Members
Life Insurance Awareness Month
The Romance-O-Meter: Insure Your Love
"We Are Farmers!"
Always make sure your auto, fire (home, condo, & renters), earthquake, flood, umbrella, and life insurances all properly work together to protect your home, your business, your family, your future.
Farmers Insurance uses an investigative and educational process to ascertain your current risk exposure and deliver to you through our 'Value Insurance Proposal' (VIP) the correct levels of coverage at the right price without compromising vital coverages. You need to protect your family and the assets you have spent a lifetime acquiring.
* The content of this blog is for informative purposes only. It does not reflect official standing of any agent, agency, or company mentioned on the blog. Nor is this blog necessarilly an endorsement. Please consult with your insurance, tax, or legal specialist before making any decisions. This blog is purely meant to spark the thought process.
