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(EMAILWIRE.COM, August 18, 2013 ) San Francisco, CA -- Life insurance helps protect a personÂ’s spouse and children from poverty in the case of an untimely death. However, once a person is retired, children become self-sufficient and many couples obtain significant assets, and it might seem that life insurance isnÂ’t needed.
Many Americans continue to work during their traditional retirement years. Keeping a life insurance plan helps protect a personÂ’s family from the loss of the income when theyÂ’ve died. Even if a person is retired, working and holding life insurance can provide a better piece of mind.
There are always good ideas to keep life insurance into late in life, even if the person doesnÂ’t continue working. For example, family situations, such as having a disabled family member or a young child that would depend on your income for a long time, life insurance is important. If a spouse would lost part of all of the Social Security benefits through retirement after death, life insurance can help bridge that gap.
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Source: EmailWire.com
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