Life Insurance Over 50 | Over 50 Life Insurance

irtually everyone over 50 should have life insurance. Insurance is the ideal way to replace your income to protect your family’s financial stability when you die. Coverage is absolutely essential if you have dependents: children or, for example, a spouse who has limited earning potential or who is unable to work due to lack of training, disability, or other reasons.

Think of all the ways your family depends on your income: for example, to pay the mortgage…make car payments…and simply cover day-to-day living expenses. Your income may fund your children’s college education—this is especially a concern for older parents who start a family in their 30s or 40s and want to make sure their death wouldn’t leave their children without funds to attend college.