08/26/2024
The importance of life insurance for every stage in life
"Most people will need more life insurance when they reach 65 than they need at 35, if they are married with two children and a mortgage. With today's mortality tables, people need long-term, permanent life insurance. The current statistics show that for every 100 people starting their careers at age 25, by the time they are 65, only 13 will be dead. That means 87 are still alive. There's a good chance they'll need more life insurance then than they do now. They will need personal permanent life insurance. The old axiom is still true that people are going to die before 65 or after 65 - one or the other. Most will die after 65. The older they get, the more needs they have."
Most people will need more life insurance when they reach 65 than they need at 35, if they are married with two children and a mortgage. Times have changed, but many advisors are still selling life insurance as if people...
