About Find An Agent Contact Home Page

Turning 65 Testimonials Learn About Medicare

You're older and wiser. You've planned well and created the retirement that you want and need. Perhaps you've held onto your life insurance throughout your lifetime so far and are now wondering if you should continue to do so; it seems like it might be unnecessary now. Should you ditch your life insurance now that you are retired? Before you make this decision, there are a few key things to keep in mind.

It was easy to see life insurance as a benefit to you and your family when you were younger. You knew that the policy was in place to support your family if you died suddenly and left behind dependents and a mortgage to pay. But now, your kids are grown and your home is paid off. The risks seem lower. The key is remembering that it's not only about those risks; it’s about who you leave behind and what they need.

Do your loved ones need the financial support that this type of policy can bring? For example, if you are older with a spouse, the policy could help to support your spouse when you die, providing compensation to meet specific needs such as long-term medical care.

What about those you could leave the funds to? You may not need to cover your dependents’ day-to-day care any longer, but you may wish to designate the funds to pay for your grandchild's education instead. Or perhaps you have a favorite charity that could use your support. The funds can be designated to serve a wide range of goals you may have.

Furthermore, it can help to protect your estate. The right life insurance policy can be used to pay down debts as well as medical or healthcare costs left behind so your estate doesn't suffer. If you want to be sure your home goes to your heir, having this policy in place can help to pay off any claims against that home.

Before you drop your life insurance plan, consider what it is and how it is working for you. Now, consider your loved ones. Do they still need it? If so, it may be wise to keep it in place long term.

Ask an agent for help today. Call Sun Coast Legacy Advisors at (888) 455-5799 for more information on Florida life insurance.

Posted 1:32 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
Our Latest Insurance News
  What Customers are Saying
About Us
Get A Quote
Contact Us
Medicare Advantage Plans
Medicare Supplements
Medicare Part D RX Plans
Life & Health Insurance
Dental & Vision Insurance
Other Insurance Types...
Main Office:
Sun Coast Legacy Advisors P.L.
2361 Melonie Trail
New Smyrna Beach, FL 32168
Phone: 888.455.5799 or 386.846.4190
How Can We Help You?
or call us at
Get A Quote Contact Join Our Newsletter Blog RSS Feed Insurance Website Builder Facebook Twitter LinkedIn Google+ Blog RSS Feed Facebook Twitter LinkedIn Google+