Medicare Questions & Answers: Life Insurance

Life Insurance Q&A

Showing 2 questions

Answered by Gregg Matheny Medicare Insurance Agent

Gregg Matheny

Matheny Insurance Group • Prescott Valley, AZ

How does life insurance contribute to financial planning?

Life insurance can be very crucial to financial planning. Life insurance is something that should be in investigated sooner rather than later. A good benefit Rich policy May offset Some costs in the case of a passing that incurred medical debt.
Answered by Clarence "Mark" Christiansen Medicare Insurance Agent

Clarence "Mark" Christiansen

Christiansen Insurance Services • Mequon, WI

I've heard that once you're on Medicare, you might not need life insurance as much. Is that true?

It's really not a true or false issue. The need for life insurance should depend on the purpose of the insurance: to take care of unpaid bills upon your death vs. taking care of a surviving partner or providing a legacy for your heirs. I don't believe that having Medicare should eliminate the need for life insurance.