Do You Need Life Insurance in Retirement?
Do you need life insurance in retirement, or is it just a bill left over from a decision you made thirty years ago? That question lands on my desk almost every spring, usually within a few weeks of someone’s last mortgage payment clearing. I had a version of this conversation again not long ago. The […]
What Happens to Cash Value When You Die? The Truth About Your Payout
There’s a claim that shows up in nearly every online forum where permanent life insurance gets discussed, and it’s almost always delivered with the same righteous certainty: “If you die with cash value in your policy, the insurance company just keeps it. Your family only gets the face amount.” It sounds like a scandal. It […]
Why Stay-at-Home Parents Need Life Insurance Too
Introduction Here’s a sentence I’ve heard more times than I can count, usually said with complete confidence: “We only insured my husband — I stay home, so there’s no income to replace.” I understand why people say it. It sounds logical. No paycheck, no income to replace, no reason to buy coverage. The math looks […]
Determining Break Even on Social Security Income
The factors you should be looking at when considering how long it will take you to break-even when you wait to take Social Security retirement are more involved than you may think. First of all, the decision of whether or not to take social security benefits as early as possible, the month you turn 62, […]
Benefits of Waiting Past Full Retirement Age to Receive Social Security Retirement
What are the benefits of waiting past full retirement age to start taking Social Security retirement income? The year you were born determines when you are considered to reach full retirement age for Social Security purposes. At full retirement age you are eligible for 100% of your primary insurance benefit. A fully insured worker is […]