An Empty Nest Still Needs Life Insurance
May 3rd, 2010 // 4:00 am @ Andrew Rosenbaum
Having children is one of life’s greatest joys. It’s also the reason many people buy life insurance.
So, once the kids are out of college and off on their own, do you still need life insurance?
Absolutely!
With college tuition bills behind you, you’re in a position to aggressively save for retirement.
You are likely to need both your income and your spouse’s to accumulate sufficient retirement savings.
Life insurance can help you still reach that goal if something should happen to your spouse.
What’s more, you’ve heard of “boomerang” kids who move back in if they lose a job or divorce?
In the past 18 months we’ve seen a lot of families reunited under one roof because adult children have lost jobs and even homes due to foreclosures. Your children’s welfare is your concern at any age.
Grandchildren may also need your help. If tuition at a private college now costs close to $50,000 a year, what might it be 20 years from now? Will your adult children be able to save that on their own?
Whole life insurance is a versatile guaranteed financial vehicle that protects your family in the case of premature death.
It can provide a strong financial foundation for your economic security no matter what life has in store for you and your children.
Category : Family &Life Insurance &Permanent Insurance &Retirement
