5 Great Reasons Why Seniors Need Life Insurance

1. 5 Great Reasons Why Seniors Need Life Insurance www.BeamaLife.com | 1-866-972-3262

2. 5 Great Reasons Why Seniors Need Life Insurance • 5 Great Reasons Why Seniors Need Life Insurance • Many people may understand why they need life insurance while they are paying for a mortgage, supporting families and working at a career. However, it is a good idea to still obtain life insurance after you turn sixty-five, even if you have retired, paid off your mortgage and your children are grown. www.BeamaLife.com | 1-866-972-3262

3. 5 Great Reasons Why Seniors Need Life Insurance • One good reason is because you will want to supplement your savings for retirement. Whole Life insurance, particularly, is a great retirement savings vehicle. Whole Life has all of the benefits of both Roth 401 (k) and Roth IRA accounts, typically without the downside of required minimum distribution (RMD). www.BeamaLife.com | 1-866-972-3262

4. 5 Great Reasons Why Seniors Need Life Insurance • Another good reason is because, at the time of your death, you will have to cover your estate tax. In all states, if you passed away and your estate was worth more than one million dollars, the state government earned sizeable state estate tax. Life insurance death benefits are usually income tax and estate tax free if you structure your policy the right way. These earnings are the most inexpensive way to eradicate your estate tax liabilities. www.BeamaLife.com | 1-866-972-3262

5. 5 Great Reasons Why Seniors Need Life Insurance • Paying off medical expenses, especially those that were not planned, is another great reason to get life insurance. Health care is unstable in America these days as it is, so it is very possible that health expenses will have to be paid out of pocket either now, or in the future. Being prepared for this kind of a financial issue is your best defense. If you die and you leave medical expenses behind, loved ones will not have to struggle with the financial help of a life insurance policy. www.BeamaLife.com | 1-866-972-3262

6. 5 Great Reasons Why Seniors Need Life Insurance • Supporting dependents, in general, can be a good reason to obtain a policy. It often happens that family members need to care for disabled or elderly loved ones, and if you left them extra money upon your passing to help with these needs, it would probably take a weight off their shoulders. Also, life insurance policies can make for a good emergency fund. It is a general rule that households should be able to cover six to nine months of living expenses in the case of an emergency. Life insurance policies can add to that fund and ensure the financial safety of loved ones. www.BeamaLife.com | 1-866-972-3262

7. 5 Great Reasons Why Seniors Need Life Insurance • Life insurance can be helpful to help loved ones fulfill their financial goals. Since continuing education is a common path, many children will have outstanding loans to pay when they've completed schooling. It can be difficult to surmount debt and get ahead after graduation without financial help. A permanent life insurance policy could be a great way to help them get ahead in financial matters. www.BeamaLife.com | 1-866-972-3262

8. 5 Great Reasons Why Seniors Need Life Insurance • Also, life insurance doesn't have to be just about your immediate loved ones and their financial security. It can also be about keeping your legacy and the things you love alive by setting that money aside for charities or non-profit organizations that you love. This is a sure-fire way to make sure that the things you enjoy most keep on living and providing joy for others for a long time to come. Please call one of our life insurance specialists at (866) 972-3262 to determine the right kind of life insurance for you at this age and for your family's financial security or please complete life insurance quote request form now. www.BeamaLife.com | 1-866-972-3262

9. 5 Great Reasons Why Seniors Need Life Insurance www.BeamaLife.com | 1-866-972-3262