Life Insurance

life insurance in retirement

Do You Really Need Life Insurance In Retirement?

Most people understand the reason for having life insurance in their working years. People do sometimes wonder if they really need life insurance in retirement. And this is a perfectly reasonable thing to wonder. Now, in some cases, people obtain life insurance in their working years. They do this mainly to protect their household income. …

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DO BENEFICIARIES PAY TAXES ON LIFE INSURANCE?

Lately, we have been asked about taxes and life insurance. Specifically whether or not beneficiaries of a life insurance policy have to pay income taxes on that money, or whether the estate has to pay taxes on it. The simple answer is, usually, no. However, there can be nuances involved. For example, taxes can depend …

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Insurance needs change when you retire

This week’s article reminds us that “Senior insurance needs are different. Time to drop the disability coverage and review your other plans.” The most obvious insurance retirees need to maintain is health insurance. While most seniors age 65 and older are eligible for Medicare, Medicare doesn’t cover 100% of medical costs.” Knowing this, it is …

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