Life Insurance: Not Always About Death
July 7, 2017 by South Florida Times (Ft. Lauderdale, FL)
Many Americans view life insurance policies as a key part of their financial planning. But they tend to think in terms of how the insurance will benefit their survivors after they are in the grave not how it might benefit themselves while they are very much alive.
If that’s the way they see it, though, they may be missing out on an additional way to help pay for retirement something especially worth knowing if other investments go awry or a pension is non-existent.
“I think a lot of people are surprised to learn that their life insurance policy can help them handle expenses during retirement,” says Gary Marriage Jr., CEO of Nature Coast Financial Advisors. “They consider life insurance a death benefit. But it can be a lot more than that.”
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