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Inhoud geleverd door Scott Sierens. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Scott Sierens of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
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Do You Need Life Insurance In Retirement?

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Manage episode 366756017 series 2891513
Inhoud geleverd door Scott Sierens. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Scott Sierens of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

We commonly get asked if life insurance is needed in retirement. With many advertisements and commercials emphasizing the importance of life insurance, this can be an understandably confusing topic. So, in today’s episode, we’re going to talk about the purpose of life insurance, explore the circumstances that warrant its need, and discuss what you can do with your policies if you find it unnecessary.

Here's what we’ll discuss in this episode:

  • What is life insurance and its purpose? (3:19)
  • How do you know if you will need life insurance in retirement? (6:39)
  • Case 1: If you haven’t saved enough and one Social Security won’t be enough for the remaining spouse to maintain and thrive. (8:32)
  • Case 2: If you have a pension with no spousal benefits or reduced benefits. (12:05)
  • Case 3: You just want a death benefit for burial costs. (14:02)
  • How much life insurance will I need? (16:32)
  • What if I don’t need insurance anymore? + What to do with old policies. (20:37)
  • Emotional versus logical decisions when dealing with life insurance policies. (28:42)

Get your FREE Social Security benefits guide here!

Want to get in touch?

Web: https://sierensfinancialgroup.com/

Email: office@sierensfinancialgroup.com

Phone: 847-235-6989

  continue reading

151 afleveringen

Artwork
iconDelen
 
Manage episode 366756017 series 2891513
Inhoud geleverd door Scott Sierens. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Scott Sierens of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

We commonly get asked if life insurance is needed in retirement. With many advertisements and commercials emphasizing the importance of life insurance, this can be an understandably confusing topic. So, in today’s episode, we’re going to talk about the purpose of life insurance, explore the circumstances that warrant its need, and discuss what you can do with your policies if you find it unnecessary.

Here's what we’ll discuss in this episode:

  • What is life insurance and its purpose? (3:19)
  • How do you know if you will need life insurance in retirement? (6:39)
  • Case 1: If you haven’t saved enough and one Social Security won’t be enough for the remaining spouse to maintain and thrive. (8:32)
  • Case 2: If you have a pension with no spousal benefits or reduced benefits. (12:05)
  • Case 3: You just want a death benefit for burial costs. (14:02)
  • How much life insurance will I need? (16:32)
  • What if I don’t need insurance anymore? + What to do with old policies. (20:37)
  • Emotional versus logical decisions when dealing with life insurance policies. (28:42)

Get your FREE Social Security benefits guide here!

Want to get in touch?

Web: https://sierensfinancialgroup.com/

Email: office@sierensfinancialgroup.com

Phone: 847-235-6989

  continue reading

151 afleveringen

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