Life Insurance Bridges the Gap

Conventional wisdom says that most people need life insurance only during their working years to provide for their families in the event of a premature death. The thought was that by retirement, they had paid off their mortgage and accumulated sufficient wealth and sources of income to self insure the family’s survivor needs. Many families are now approaching their planned retirement ages with more debt and significantly less accumulated wealth than originally anticipated. Many people in their 50s and 60s are now deciding to work longer and some may never fully retire. Continued employment helps bridge the income shortfall, but it doesn’t secure income for spouses and heirs who may survive them. The “self insurance fund” is no longer sufficient to provide the desired level of family security. Only life insurance can bridge that gap immediately and tax efficiently.

Posted in News on January 28, 2010 by admin