Two of the most frequently asked questions when considering life insurance:
- What financial benefits will be available to survivors after your death
- What will their needs be?
These are the most common types of benefits: Social security and other retirement-related survivor benefits; life insurance; and other assets and resources.
Having these funds isn’t enough though. Knowing when they will be available is just as important. For example, social security survivor benefits are payable immediately to a surviving spouse with dependent children, but only after age 60 if there are no children. The availability of the life insurance benefit is important considering that final expenses, debts, and income needs, are almost immediate. Call us, we can help you navigate this difficult topic. We’re always here to help.