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Do You Need Life Insurance in Retirement?

Do You Need Life Insurance in Retirement?

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Do you need life insurance in retirement? As with most questions, the answer is: it depends. Today, Vince and Jag break down the pros and cons of life insurance, including:

Cons:

  • Can be costly to continue
  • May not actually need it
  • May benefit the insurance agent more

Pros:

  • More tax efficient benefit to beneficiaries
  • Can provide tax free distributions from the cash value
  • It can be considered a safer asset
  • Can provide long term care coverage

Additional Resources:

CFG Retirement Website: https://cfgretirement.com/

CFG Retirement Phone Number to Call: 952-657-7470

CFG Retirement TEXT line: 612-448-3243

Vince email: vince@cfgretirement.com

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