About this episode

This episode discusses the changing role of life insurance in retirement and the associated financial risks.

Many women enter retirement assuming life insurance is no longer necessary, only to discover that the real issue is not coverage, but access to cash when it matters most. In this episode, I walk through how the purpose of life insurance changes as you approach and enter retirement. I explain why the real question is not whether you should keep a policy, but what risks still exist in your plan. I share practical examples involving pensions, Social Security, mortgages, estate taxes, and the desire not to burden your children. I also outline how to evaluate existing policies and determine whether term or permanent coverage fits your situation. Key points: How life insurance shifts from income replacement during working years to liquidity planning in retirement Why retirement accounts and investment assets may create tax or timing challenges at death The risks of losing pension or Social Security income for a surviving spouse Why adding a child as a joint owner on accounts is rarely the right solution How to determine the right type and amount of coverage based on risk, not product And more! Resources: Get Your FREE Simply Retirement Roadmap #11 – Unlocking the Secrets of…

People in this episode

Host: Eric Blake

Topics covered

• life insurance
• retirement planning
• financial risks
• liquidity planning
• pensions
• Social Security

Keywords

• life insurance
• retirement
• financial planning
• pensions
• Social Security
• estate taxes
• coverage evaluation

Mentioned in this episode

Organizations: Simply Retirement Podcast, Social Security, pensions, estate taxes

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