Sentences with phrase «life insurance in retirement»

Let's go over the top ten reasons why you may need life insurance in retirement.

There are a lot of people that think life insurance in retirement is a waste of money, but that isn't necessarily true.

Now you have a better idea of whether or not you need life insurance in retirement.

In a typical scenario, you don't need life insurance in retirement because you no longer have income to replace (instead, you're drawing income from investments), and in many cases, you've paid off big debts, such as a mortgage.

Russ DeLibero, CFP ®, ChFC ®, CLU ®, who also holds a PhD in Financial and Retirement Planning, notes that there are tremendous uses of life insurance in a retirement income plan because of the preferential tax treatment that life insurance receives.

So who needs life insurance in retirement?

The right way to use a spousal RRSP» Should I have life insurance in retirement?»

Should I have life insurance in retirement?

One of the biggest reasons to have life insurance in retirement, though, is for income replacement.

Let's go over the top ten reasons why you may need life insurance in retirement.

You may need life insurance in retirement.

Bottom Line: If you're age 50 or older and plan to carry some life insurance in retirement, speak with an independent life insurance agent who is familiar with FEGLI.