The Longer You Work, The Longer Your Life Insurance Will Have To

Article Posted by Expert Author: Adam Foley  on 04/08/2013

If you've decided to work past the age of 65, you join 56% of Americans. But are you sure your nest egg will be sufficient? Only 39% of Americans believe they will have enough money in their nest egg for retirement. This is a scary statistic, as the ability to replace lost income after you've gone with life insurance is critical.

 

If you already have a policy with life insurance companies in South Carolina, you should take a closer look to confirm that you are covered past the age of 65. If you are, you will need to figure out how long after the age of 65 you are covered, and how much it will cost you. As well, you may consider getting permanent insurance to replace your term policy, as the former will cover you for the rest of your life at a fixed rate with no increases.

 

This may also be the time to look into policies which will cover the costs of long-term care should you become ill in your later years.  The internet has made it much easier  to research what top life insurance companies have available in terms of various policy structures and what will work best for your particular situation.

 


Article Posted In:  Great Planning Tips  Life Insurance Companies  

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