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Life insurance in your 40s and 50s

Updated: Apr 15, 2022

PERMANENT LIFE INSURANCE COULD BE A GREAT DECISION DURING THESE YEARS FOR MANY REASONS.

  1. There are many working years left for a cash accumulation policy to compound

  2. Cash accumulation if not used during your lifetime, gets added to the net death benefit for your beneficiaries

  3. A chronic illness rider (think long-term care) is available and is free. There is no additional premium however, you must qualify health-wise

  4. Use the cash for a down payment on a 2nd home, supplement a child's college education, retirement supplement, etc

  5. The cash accumulation grows tax-deferred

TERM LIFE INSURANCE COULD ALSO BE RIGHT FOR YOU.

  1. If you start a new business, you want to protect your family while the business grows

  2. A larger face amount could be in order now that children are planning to go off to college (sometimes as parents, we take out loans or borrow from our 401k to offset a college expense)

  3. Term policies have valuable riders such as a critical illness rider (there is a cost for this rider) which could help offset recovery from a heart attack, stroke, or many other covered conditions (think Aflac)

  4. Term life insurance can be convertible (moved) to something permanent without proving insurability

  5. Term life insurance can allow you to buy time until permanent life insurance is affordable

 


Pamela D. Warrior

Regional Director, Life & Financial Services





Hi! I am Pamela Warrior, your Life Insurance and Financial Services Director at the Purcell Insurance Agency. I have spent over 15 years honing my skills to assist families with life insurance, retirement strategies, and general investments. I love working with all stages of life, from young families eager to start planning for their future to CEOs strategizing their career exit and retirement distribution. This work is incredibly important to me and I take your family's future to heart. To learn more, I invite you to click contact us or call my office number at 303.973.8341. I look forward to it.



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