Most people are introduced to a life insurance policy as part of their company’s employee benefits package. Subsequently, getting married often motivates people to purchase additional life insurance. If you have any life insurance questions, consult a knowledgeable agent to clear up any intricate uncertainties. If you’re in the Easton, PA area, our Northeast Insurance Advisors LLC team will be more than happy to answer your inquiries.
Life Insurance for Senior Citizens
By the time you retire, it’s likely you already have a life insurance policy, providing you with confidence that you can provide for your family after your passing. During your working years, you might have aimed to have an insurance payout equivalent to two to three months of your salary. However, upon retirement, you might consider decreasing your insurance coverage.
It’s certainly advantageous to make such a decision with the assistance of a financial advisor. Contemplating your family’s needs for help with expenses related to your burial, funeral, and estate taxes will make you reconsider maintaining your premium payments. Some policies may even allow you to withdraw some of your policy’s funds to pay for medical expenses. While withdrawal will reduce the payout amount, it proves invaluable to cover expenses.
Contact Northeast Insurance Advisors LLC Today
Life insurance remains a necessity for clients of all ages. Our team at Northeast Insurance Advisors LLC offers a full range of life insurance solutions, along with coverage for all your other insurance needs. Easton, PA area residents can confidently rely on our ability to explain all your insurance options. Schedule an appointment with us today.
