Do You Need Life Insurance in Retirement?

Do you need life insurance in retirement? As with most questions, the answer is: it depends. Today, Vince and Jag break down the pros and cons of life insurance, including:

Cons:

• Can be costly to continue
• May not actually need it
• May benefit the insurance agent more

Pros:

• More tax efficient benefit to beneficiaries
• Can provide tax free distributions from the cash value
• It can be considered a safer asset
• Can provide long term care coverage

Additional Resources:

CFG Retirement Website: https://cfgretirement.com/

CFG Retirement Phone Number to Call: 952-657-7470

CFG Retirement TEXT line: 612-448-3243

Vince email: [e-mail]