Many people forgo things they’d really like to experience in retirement because they’re focused on being able to leave something to the people or causes important to them. Or they may be concerned about needing to use retirement savings to cover an unplanned expense. A possible solution to these concerns could come from a tool that you’re already familiar with—life insurance.
A permanent life insurance policy may help protect the legacy you’ve created for loved ones or support a charitable cause that’s important to you. Additionally, purchasing that policy with a lump-sum payment may give you the opportunity to access the cash value to pay for the unexpected, such as unplanned medical expenses for you or a loved one, while you’re still alive.*
Whether you’re trying to protect your legacy or want to feel more prepared to manage unexpected expenses, life insurance may help do those things while allowing you to live the life you want today and enjoy your years in retirement.