Life insurance
Life insurance has a different job at 65 than at 35.
For most people in retirement, the question is not "how do I replace my income if I die" but "how do I protect my spouse, settle my estate, and not leave my family with debt." The product that fits that job is rarely the one that fit at 35.
We help clients think through whether they need life insurance at all, and if so, which kind. The answer is sometimes "no, you do not need it," and we will tell you that.
Option one
Term life
Coverage for a set number of years — typically 10, 15, or 20. Pure death benefit, no cash value. Lower premium than permanent insurance. Right when you have a specific window of need (mortgage, supporting a dependent, etc.).
Read more →Option two
Whole life
Permanent coverage that lasts your entire life, with a cash value component that grows over time. Higher premium. Right when the goal is leaving a guaranteed benefit, building tax-advantaged cash value, or estate planning.
Read more →Option three
Final expense
Smaller permanent policies designed to cover funeral costs and end-of-life expenses — typically $5,000 to $25,000. Usually simplified or guaranteed-issue underwriting. Right when the goal is not leaving family with funeral debt.
Read more →Next step
Talk through whether life insurance fits your situation.
A 15-minute call. We will figure out whether you actually need life insurance, what kind would fit, and whether the cost makes sense given your situation. If the answer is no, we will say so.