Having the correct type of life insurance and the appropriate amount of life insurance coverage in retirement will accomplish multiple jobs.
It can help protect your income, provide tax-free cash flow, help manage taxes, provide peace of mind to families, and even improve the total returns in a portfolio.
Any age is the right age if you have a need for life insurance. Life insurance becomes more expensive as you age so I urge clients to purchase it when they are still relatively young and healthy because the rates are far more affordable.
