
Do You Need Life Insurance in Retirement?
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About this listen
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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