The purpose of life insurance is to protect your loved ones from financial hardship if you die. It is meant to replace your income. When you retire and your income is coming from retirement funds, social security payments, etc., it’s easy to think that life insurance is no longer necessary. However, as we tell clients at our Yuba City insurance agency, there are a number of good reasons to continue your protection.
Insuring the Golden Years
While every family’s situation is different, here are eight reasons you might want to have a permanent life insurance policy in effect during your retirement.
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