Plan to work after 65? Your life insurance may have to "work" as well
Plan to work after 65? Your life insurance may have to "work" as well - US workers plan to continue working after age 65. If you are one of them will be your life insurance also continue?
Recent Survey Transamerica Retirement found that the majority of workers plan to work past age 65 (56%) and a majority plane (54%) continue working after retirement. Just 39% believe they are currently building a sufficient nest egg, underscoring the need to redefine "retirement readiness" in a way that is better adapted to these new realities.
Over recent years, the survey of Transamerica retirement saw an emerging trend of workers who plan to work past 65, including 
If you are one of those workers, your insurance needs after 65 to replace income lost in the event of death becomes very important. You should review your current life insurance policies to determine if they continue after age 65, and if so, for how long and at what cost. Now can -being time to replace your term insurance to permanent insurance, which will remain in force as long as you need it at a fixed price without future increases. You can even choose a life insurance policy that includes long-term care benefits if you need extended care.
The effects of the great recession is reflected in the changing expectations of retired workers. Working past age 65 is an important opportunity to help alleviate a retirement savings shortfall. unforeseen life circumstances, such as loss or job health issues can have a devastating impact on the best plans. The "what if" scenarios are essential for US workers of any age is to be included in their long-term preparations.
Almost one in three (29%) expect to financially support family members other than spouses or partners, after their retirement, while 13% expect to receive financial support the retired family. This makes the need for insurance even more important after 65 years.
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