Keep Your 人寿大发888dafa When You Retire
Do you need a life insurance policy in retirement?
有些人可能会说不. 毕竟, 孩子们都长大了, and the need to financially insulate the household against catastrophe has somewhat passed.
But if you're thinking about dropping your coverage for either of those reasons, you may also want to consider some excellent reasons to retain, 获得, or convert a life insurance policy after you retire. 继续往下读，了解更多.
Could you make use of your policy's cash value?
If you have a whole life policy, you might want to utilize that cash in response to certain retirement needs. 长期护理, for example: you could explore converting the cash in your whole life policy into a new policy with a long-term care rider, which might even be doable without tax consequences. 如果你有收入需求, some insurers may let you surrender a whole life policy you have held for some years and arrange an income contract with the cash value. 你可以取出现金, 免税, as long as the amount withdrawn is less than the amount paid into the policy. 还记得, 虽然, withdrawing (or taking a loan against) a policy's cash value naturally reduces the policy's death benefit.1
Do you receive a "single life" pension?
Maybe a pension-like income comes your way each month or quarter, from a former employer or through a private income contract with an insurer. If you are married and there is no joint-and-survivor option on your pension, that income stream will dry up if you die before your spouse dies. If you pass away early in your retirement, this could present your spouse with a serious financial dilemma. If your spouse risks finding themselves in such a situation, think about trying to find a life insurance policy with a monthly premium equivalent to the difference in the amount of income your household would get from a joint-and-survivor pension as opposed to a single life pension.2
你的遗产会被征税吗?
Should the value of your estate end up surpassing federal or state estate tax thresholds, then life insurance proceeds may help to pay the resulting taxes and help your heirs avoid liquidating some assets.
你有抵押贷款吗?
If you have refinanced your home or borrowed to buy a home, a life insurance payout could potentially relieve your heirs from shouldering some or all that debt if you die with the mortgage still outstanding.2
你有丧葬大发888dafa吗?
The death benefit of your life insurance policy could partly or fully pay for the costs linked to your funeral or memorial service. In fact, some people buy small life insurance policies later in life – in preparation for this need.
Keeping your permanent life policy may allow you to address these issues
Alternately, you may seek to renew or upgrade your existing term coverage. Consult an insurance professional you know and trust for insight.
1. Investopedia.com, 2021
2. Investopedia.com, 2021
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