Life Insurance as Retirement Planning

Life insurance policies can be used to supplement your retirement savings.

Premiums can vary by as much as 50%. Visit Netquote, where you can fill out a short form, select a plan, and input your personal data for a true personalized quote in minutes. Click here to start.

Use Insurecom to compare additional term life and whole life quotes, and get expert advice from an agent in your area, who can help you design a plan that's right for you. Click here to fill out a quick form.

Using life insurance for retirement planning

Permanent life insurance policies carry an extra cash value savings account. These funds can be accessed by taking out a loan up to the amount in your account. Since the insurance company charges interest on the loan and since the death benefit is reduced by the loan amount, it's a good idea to pay it back.

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A permanent, or whole life insurance policy is needed if you wish to fund your own retirement; get in touch with an agent from InsureMe who will discuss your protection and investment options, and present you with a quote on what the associated costs would be.
Click here to get a quick quote and to learn more.

Family retirement planning

Naming your spouse as your life insurance beneficiary guarantees s/he receives the proceeds of your policy providing financial security during retirement. However, the best option for retirement planning is buying a permanent life insurance policy with a survivorship rider.

Next: Using life insurance to pay for your child's education.

For more help . . .

Getting the lowest possible premium on your life insurance is almost like an art form. There are many variables to consider, and to get the right balance of term length, benefit amounts, and policy riders and illustrations, you need to take a careful step-by-step approach to the buying process.

Our free life insurance course is designed to help you do just that.

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