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When Life Insurance Makes Financial Sense in Retirement

by Christopher Taylor on Sep 20, 2017

Insurance, Retirement

When most people think about life insurance, it is something to be purchased when we’re young with financial responsibilities and dependents to protect. Any discussion about purchasing life insurance after we retire is often met with strong opinions as to whether or not it makes any financial sense. After all, the cost of life insurance increases significantly over the age of 65.

Life Insurance Replacement: What You Need to Know

by Christopher Taylor on Sep 20, 2017

Insurance

The purchase of life insurance is typically triggered by a life event, such as marriage, the birth of a child, a home purchase or a job promotion. So, it is not uncommon for many people to change their life insurance coverage three or four or even eight times throughout their lifetime. In some cases it will require simply adding coverage, but, depending on the situation, it could require replacing one policy with another for purposes of efficiency.

Three Reasons Why Life Insurance is More Than Just a Death Benefit

by Christopher Taylor on Sep 20, 2017

Insurance, Retirement, Tax Planning

Life insurance is universally recognized as an essential pillar of a financial plan for providing much needed capital in the event of a breadwinner. It is also fundamental to other planning needs, such as estate planning to pay for settlement costs and taxes, and business planning for business continuation or key person protection. However, considering the remarkable tax properties of permanent life insurance, it should also be considered as foundational planning tool for an entire financial plan. Here are three reasons why: