But what do I get out of term life insurance .. ?
You don’t usually think of Term Life Insurance as a retirement tool. We generally speak of this
as a means of having adequate protection during the raise-the-children years, or perhaps as a
tool for business, buy-sell agreements etc.
One of the downsides to term insurance is, … well, it’s for a term. Ten years, twenty years,
some fixed number decided by someone other than the person needing it. And then it’s gone, or too expensive to keep.
Another downside, to some, is you spend the money and it’s gone. You don’t get anything back,
right? It’s always been that way … until just recently.
What if I told you that you could purchase a term life insurance policy for the term you wish
it for? And what if I told you that you can have all your money back at the end of that term,
should you live?
Perhaps you are wondering, what does this have to do with retirement?
When people retire, they often have additional expenses initially. Perhaps they buy a retirement
home, or in some other way have some temporary expenses.
People often simply spend some of their retirement nest egg to do this, and of course once spent, this money is no longer earning them money for their retirement.
But imagine getting back every dollar you spend on life insurance? This is a win-win. If you die
pre-maturely, you have provided for your family, But if you live to enjoy your retirement (which we all hope to do), you win by having your life insurance provide you with a nice kick-off to your retirement.
Call me or email me and let me give you specific information designed for your age and circumstance.
Michael P Myers
209-390-1163
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