You may have carried a term life insurance policy while you were working and let it expire once you retired from your job in the Chester, NJ area. You may still want to have this extra layer of protection, even if it seems like your 401K, investments, and social security would see you through. The Insurance Outfit offers up these reasons why buying a new policy could be right for you.
Secure Your Spouse’s Comfort and Future
If one spouse dies just a few years into retirement, the other partner may be looking at 20 years of living on what is left in the estate. A life insurance policy can provide an extra infusion of cash that could help defray the cost of assisted living care or extreme medical costs. Your spouse will be relieved of that additional worry.
Retirement Ate Up Your Estate: Leaving Something for the Kids
You always wanted to leave something behind to help the next generation along, but in all reality, the cost of living has left nothing extra in your accounts. Picking up a life insurance policy allows you to keep that promise to yourself and your grandkids.
Are You Still Paying a Mortgage and Car Payments?
The daily price of living continues to rise and will for the next decade or two of your retirement. There will be new cars, perhaps a reverse mortgage, repairs to the house, and medical expenses. It is only responsible to make sure that the spouse that is left behind is able to rise above the rate of inflation and be able to continue to care for themselves in comfort.
If you think buying a new life insurance policy is the right thing for your retirement in the Chester, NJ area, give your agent at the Insurance Outfit a call today.