Life Insurance and Retirement

Statistics prove that women live longer than men—on average 5 to 10 years longer. According to the New England Centenarian Study at Boston University, among people over 100 years old, 85% are women. The stats don’t lie; almost 60% of American women live alone by the time they reach 85.Partly because women are unlikely to have enough life insurance to carry them through the senior years, 50% of women aged 75 or over who live alone are living in poverty. Add to that the fact that women are more likely to take time off work to raise children, their Social Security benefits after retirement could be reduced.

Life insurance can be a golden parachute to help take care of retirement expenses. Permanent life insurance may be the best choice because though it is more expensive than a term life policy, it lasts for the lifetime of the policyholder and accumulates cash value that the owner receives as dividends.

It is true that life insurance does cost more as you get older but that does not necessarily mean it is out of your price range. The key to getting lower rates is buying it when you are younger and healthy. Ask yourself how your spouse will manage in the senior years without you… financially and emotionally? Will there still be outstanding debts or a mortgage?

For more information read the following pages:

• Life insurance after marriage
• Common life insurance mistakes
• Insure your love

With all of the options out there, figuring out which policy is best for you and your family can be overwhelming.

LifeQuote offers several features to help make the process of finding the right life insurance as simple and painless as possible. From live chat to an easy-to-use calculator that helps you to better identify your insurance needs, we have a user-friendly tool to help you every step of the way.

Visit our FAQs about Life Insurance section to get more answers to frequently-asked-questions.

To compare quotes, simply click get a quote and you will be taken to a page that asks you to answer a few, simple questions to get your FREE quote from several companies which you can compare side-by-side. If you’re unsure how much coverage you need, or how long the term should be, connect with one of our knowledgeable representatives immediately. You can send us an email or call our licensed agents at 1-800-521-7873.