You Preparing for retirement. Do you still need life insurance?

Let's be realistic. If you have an investment and adequate portfolio retirement, if you have arranged for your health care costs if you not have an account on you for financial support, maybe, just maybe you can afford retiring.

Did you know that 65 healthy man has a life expectancy of 87 and a woman, 89; and 38% of men and 50% of women will live to age 0, according to recent research on longevity risk and retirement.

Have you thought about outliving your income? Maybe a life income annuity would be appropriate to cover your needs to the basic pension.

Those with children-and grandchildren
How much would it cost to raise a child to 17 years? In households with incomes over $ 105,000, it is estimated at $ 399,780. Per Child. No college expenses. combined fees may be $ 650,000 or more. How many children do you have? What happens when they go home to live after they graduate? How long will they stay? What happens if you are not there to pay these costs? Do you have adequate life insurance?

Grandparents provide the main financial support for one of 10 grandchildren, and 49% of parents aged 60 and over still provide financial assistance to an adult child.

Is there still a need for life insurance protection? Absolutely!

65 healthy, 38% of men and 50% of women will live to age 0.

And those in the Parents support
What about adult children who are the support of parents who are 65 or over? About 15% of people aged 40 to 59 provide this support while still raising a young child or an adult child. For people 60 and older living with a parent, 50% of parents need help with day-to-day. Does the caregiver still need life insurance? What happens if caregivers are not there?

Add in health care and long-term
Now let's talk about the cost of medical care after retirement. According to Fidelity Investments, the average 65-year old couple will spend $ 220,000 in 2013 dollars in medical bills out of pocket during retirement.

Have you planned your retirement planning? Keep in mind that this does not include the costs for long term care.

Long-Term Care is currently $ 250 per day in Tampa, Florida. That's $ 91,250 per year. The average 65 year-old woman will need this support for 3.7 years against 2.2 years for men, but I know a number of cases where the person was in a nursing home for 10 years or more.

Have you planned for it?

A solution
So, back to the insurance life insurance cash value of life. He will be there when it is needed most and offers guarantees, versatility and flexibility to changing situations. life insurance cash value provides security, dignity and peace of mind and solves the problem of risk for pennies on the dollar.

If you love someone, need someone or have someone dependent on you, you need life insurance.