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Life insurance plays an important role in any financial plan. Thinking about financial protection and retirement can seem overwhelming, but as your life changes so does your financial situation. Get the best individual and family chip health insurance plans pa by Capital BlueCross and help your loved ones recover from financial risks and unexpected costs. To know more, please visit here: https://www.forbes.com/sites/ericbrotman/2019/07/02/how-life-insurance-can-help-you-plan-for-retirement/#484b7d9e4bc6<br>
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How Life Insurance Can Help You Plan For Retirement? 3. Understanding what life insurance is and how to leverage it as an asset can be the secret to creating great wealth for yourself and your family.Life insurance comes in many different forms, but whole life insurance is the only kind that has guarantees on the premium, death benefit, and cash value. 4. If you earn $80,000 a year and want to replace all of that income with a lump-sum nest egg that can sustain itself with a 4% withdrawal, you’ll need $2,000,000 in assets. Source: www.forbes.com 1.Life insurance is what you buy when you think you’re going to die so that your kids don’t have to pay for your funeral, right? There a lot of misconceptions in the financial world, but life insurance may be the most commonly misunderstood concept of all. 2. Maintain enough term insurance to replace your future income. Like the name suggests, term life insurance is designed to be temporary. Taking out a whole life insurance policy means you’ll be guaranteed to have a cash value at the time of your retirement. www.capbluecross.com
