When you reach a certain age, like the age of 65, it might be time to think about obtaining life insurance. Most people tend to retire at this age, and it could be beneficial to your loved ones if you were to pass away. Our team at Garrison Insurance Group serving Lilburn, GA could work with you in finding the right type of life insurance plan for your needs.
Why Life Insurance?
Protects your Family
As was mentioned earlier, something could potentially happen to you when you turn 65 depending on your health. In this case, you need financial protection for your spouse and children. It could also be vital if you have children with special needs. Most people buy life insurance to protect their families financially.
It’s Necessary if You’re in Debt
When you reach the age of retirement, you’ll likely be out of debt. However, that isn’t always the case. Many seniors are still paying off a mortgage or even have some student loan debt left. A recent report study showed that 32% of people aged 70 and over were still making house payments in 2019. If you are going through this, it’ll be best to have life insurance to pay off those debts. It makes it easier to alleviate debt relief.
Life Insurance is an Important Aspect of your Financial Plan
If you have some financial goals for the future, having a life insurance plan could make it easier to achieve them. Whether it is starting or growing a business, paying down debt, or just wanting to leave some financial protection for your family, having a life insurance plan makes things easier for you. Work with a good insurance advisor in choosing a plan that’ll suit your financial goals.
Contact our Office Today
If you just turn 65, you must get life insurance to protect your family’s needs, pay down debt, or have it be a part of your financial plan. Contact our Lilburn, GA office at Garrison Insurance Group to help you find the right plan today.