Sentences with phrase «life insurance in retirement because»

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.

Not exact matches

Because building a good long - term portfolio is just part of the job — the other part, as I've said, includes bringing together experts in insurance, income tax, estate planning and retirement so the complete financial picture is visible and these individual experts can bring their expertise to help grow and protect your money in all stages of your life.

You could also cash out the cash value and invest it in something more aggressive; whole life insurance is an inherently conservative play, and because you have a long period of time before you need money for retirement, it may make more sense to take the income tax hit now and better utilize that money in a more aggressive investment portfolio.

Because of the flexibility of taxable accounts, investors may use them to invest in assets that are not found or allowed in retirement or employer sponsored accounts, including collectibles or life insurance.

And many more who don't have health insurance — or their insurance company refuses to pay — avoid bankruptcy only by consuming the family retirement fund in a good faith effort to repay medical debt, dooming themselves to poverty for the remainder of their lives, only because they got ill or injured.

Frankly, because the rate of return on a whole life insurance cash value is lower than simply investing the money in your retirement account.

Because permanent life insurance is a lifelong life insurance policy, a good time to purchase life insurance is when you are doing your financial planning, and when you are considering ways to create financial security in your retirement years.

Frankly, because the rate of return on a whole life insurance cash value is lower than simply investing the money in your retirement account.

These plans are growing in popularity because the life insurance and annuity bundle allows you to address retirement planning concerns and long term care funding in a streamlined product.

Because of the different options available, a whole life insurance policy can be an excellent tool for structuring your finances in retirement, as well as planning your legacy.

Many people in their early fifties may only need a 10 or 15 year term life insurance policy because they are nearing retirement and no longer need the coverage.

What they don't tell you, primarily because it would end their career, is that whole life insurance is a horrible savings plan, a worse retirement plan, a silly place to borrow money from and unless it is in fact a fountain of youth, it is grossly overpriced.

This allows for the pensioner to take the highest monthly income payment in retirement because the life insurance policy acts as a safety net for the surviving spouse.

For example, a person whose employer provides him, for the duration of employment, with $ 50,000 in life insurance coverage in addition to his salary, health benefits and retirement savings plan, does not have to pay taxes on his life insurance benefit because it does not exceed the threshold set by the IRS.

Whether you live here in town because you are attending college, working in the city and raising a family, or just getting ready to spend your retirement here, adding the value of Joliet renters insurance can help you better deal with any covered circumstance.

The company carries life insurance on this person because frankly it would be a setback, in some cases a huge setback, if they were to die without the proper planning time that usually comes with retirement.

I've decided not to buy life insurance because there's a 5 in 6 chance that I will live to retirement.»