Introducing Evertree Mountain States
As you near retirement in Arvada, CO, you should take a look at your life insurance coverage with an agent at Evertree Mountain States. Back when you purchased your policy it may have been a way to safeguard income, but now that you may have fewer dependents and your mortgage could be close to being paid off, you have different needs. If you have chosen the right life insurance policy, you can use this in retirement.
Access to Cash: If you don’t need the same level of coverage you did in the past, you can access the cash value of a permanent life insurance policy to fund retirement. With this option, the premiums you paid during your working years could be leveraged as a source of retirement income.
Support for a Widower/Widow: Wanting to make sure that your surviving spouse can pay for certain life expenses is important after one of you passes away. With life insurance to cover these expenses, you can better enjoy retirement.
Protection from the Onset of Chronic Illnesses: Some life insurance policies will allow people to access death benefits for a chronic illness before death. A chronic illness is either a cognitive impairment or the inability to perform two out of six activities of daily living.
Charitable Giving: As retirement approaches, life insurance can be used in several ways to support your current charitable giving strategy. You could make a gift of an existing life insurance policy to charity. The presence of life insurance will enable a donor to make a gift of investments, real estate, or other forms of property to a charity and still provide a reasonable inheritance to heirs.
If you have dropped your policy before retirement then it can cost more due to an increased age to pick it up again. Maintaining coverage into retirement can provide you with peace of mind to enjoy your years.
Contact Evertree Mountain States, serving Arvada, CO, to get a quote on life insurance.