Retirement can change everything: from how you spend your free time to how you spend your money. As retirees adjust to living on lower incomes, it can be tempting to drop life insurance coverage. Some retirees may be able to forego this financial protection, but they should think carefully before eliminating their life insurance coverage.. ... More
Permanent life insurance (sometimes referred to as whole life insurance) provides protection for your entire lifetime in most cases.
No matter when you die, as long as your premiums are paid, your beneficiaries will receive the proceeds, generally income tax free. Permanent life insurance is intended to meet long-term needs and has level premiums and a cash value that grows tax deferred. ... More