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21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 |
Senior Life Insurance |
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bdk Services |
A PREMATURE OR UNEXPECTED DEATH OF A SPOUSE COULD PLACE A FINANCIAL BURDEN ON A REMAINING SPOUSE AND/OR FAMILY MEMBERS |
Many senior citizens believe the need for life insurance during the "golden years" is an unnecessary expense. Maintaining a life insurance policy will ensure that the remaining spouse will remain financially secure. |
• Provide funds for commitments that depended on two incomes such as mortgages, loans and retirement. |
• May create an emergency fund to handle unforeseen expenses that may arise in subsequent years. |
• Offset reduced benefits anticipated from Social Security and savings plans. |
• Replace a retirement plan that stops paying upon the death of the retirement plan owner. |
A woman's life expectancy is five years longer than a man. (1) |
(1) CDC 2006 study |
Senior Life insurance will: |
• Generates a cash value that can be borrowed against, at low interest rates, to give access to cash if needed. |
• Provides liquidity to take care of needs at the time of death. The disbursement of funds is tax free and in most cases is probate free. |
A veteran owned business |