Medicare Questions & Answers: Life Insurance
Life Insurance Q&A
Showing 2 questions
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.
I've heard that once you're on Medicare, you might not need life insurance as much. Is that true?
This is not true. Life Insurance is always a good choice. Many retirees who leave jobs and retire find themselves without Life Insurance. There are many options for Life Insurance and Retirement planning even at 65 and older. I would recommend asking your Medicare broker for resources or a Retirement plan review.Medicare does NOT cover funeral expenses.
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