Comments on: Life Insurance Strategies for Baby Boomers

By: Patrick The Insurance Guy

Patrick The Insurance Guy — Sat, 06 Aug 2011 02:29:05 +0000

As an 8 year career life insurance agent I always find it amazing that the highest levels of life insurance in this country is still purchased by our nation’s wealthiest individuals, while our “working class” folks have endless discussions about “not needing life insurance”….
I have had the responsibility of delivering death claims checks during my career and not one of my families sent the claims check back to the insurance compaany, not matter how much wealth they had otherwise. Food for thought….

By: The Life Insurer

The Life Insurer — Mon, 16 Feb 2009 20:58:52 +0000

I have seen people let their life insurance policies expire, only to find
that it would have been better to have some life insurance in the later
years. Many boomers have seen their assets decline in value considerably
lately, so the cookie jar might not be as full as it once was. How much of
the assets would your family need to liquidate to continue living the
lifestyle they are accustomed to? Might be better to keep some life
insurance as asset protection.

By: the weakonomist

the weakonomist — Wed, 04 Feb 2009 13:46:01 +0000

Because term rates continue to go down, is it always best to let the policy expire? You might be able to find a new policy at a better rate. I’m closer to your son’s age than I am to you, so my knowledge on the subject is limited.