Thursday, 22 December 2005
Life Insurance After Retirement?
New retirees have a lot of new decisions in front of them, one of which is whether or not to hang onto that life insurance policy.
According to Robert Powell, reporting in MarketWatch, there aren’t any easy solutions to the post-retirement life insurance dilemma. It’s up to the individual to sit down, crunch some numbers and reevaluate your goals for your life and after you’ve passed on.
Some suggestions Powell has for why you might consider keeping your policy:
- You’re still working off a big mortgage or other debt
- You still have dependents that would be financially stressed after your death
- You’re up against a weighty death tax when you or your spouse dies
- You’re interested in donating a large sum to a favorite charity when you die
- You think you may need long term care
Read the rest of Powell’s article.
Technorati Tags: Life Insurance
Posted by at 1:14 PM in Life Insurance
