Planning for Retirement Life Insurance

Hello Everyone, Joshua Abel with the Forever Wealth Team. A financial planner in Naples, Florida. Over the past couple of videos, we've offered a number of different tips on how to retire successfully. In this video, I'd like to talk to you about the importance of life insurance. I know, it's not an exciting topic, but its something that we all need to consider having. We have car insurance just in case an accident happens. We have renter's or homeowner's insurance just in case something happens. Well guess what? You're going to die. There's no way around it. There's no easy way to say it. I know no one likes to think about it, but let's start putting that into the conversation. So, when you pass away your debts and your loved ones are left behind. Now, unfortunately there's nothing we can do to ease the emotional burden of losing a loved one. But, there is something that we can do to ease the financial burden. There's an acronym that is used to decide on how much life insurance you should have. Will it cover all of your debt? That's an important one. Will it cover your mortgage? If you have children, will it cover education? Will it cover your spouse for ten years? That's a pretty good amount of time of income to have. Will it help your spouse retire? So, make sure you are not discounting the value of life insurance. There's a number of different opportunities and companies out there that will fit you with a good plan that won't be as expensive as you think. And it might have other benefits as well. Make sure to talk to a financial planner in filling this gap. If you have any questions, please visit us on our website at www.foreverwealthteam.com. If you got value out of this video, please comment and share below. Thanks so much and I'll talk to you soon.