Many people assume that once you retire and your children have grown you can eliminate life insurance. Just the opposite is true. Life insurance can, and should play a key role in your overall retirement planning.
Why is it that life insurance is the only form of insurance protection that people think they can drop when they retire.
You wouldn’t drop your car insurance when your odometer hits 100,000, stop insuring your engagement ring after your silver anniversary, or get rid of your homeowner’s insurance once the mortgage is paid off… . Right?
Then why would you drop your life insurance after twenty or thirty years? Millions of Americans mistakenly think they no longer need life insurance, so they just drop it just when they stand to benefit most.
Many people view their life insurance as having a single purpose: to protect their family in case they die prematurely. They think that the death benefit of life insurance is only valuable for their beneficiaries.
These people don’t realize what vast resources the cash value and death benefit of life insurance can be for themselves while they are still very much alive. In fact, life insurance can and should be a pivotal part of everyone’s retirement planning.
For more information on this concept, please contact either R. Charles Stevens II CISR (800-763-4775 extension 14) or our associate, Richard Kaplan (973-243-1999). We look forward to being of assistance.
*** Please remember that we presently offer these insurance products in New Jersey, and any such offer is subject to underwriting review and insurance carrier approval. ***