Life insurance can help fill the gap

Did you ever think that life insurance could be a valuable tool during your working years as well as after? Interestingly, life insurance can be a useful tool for many individuals and families who are approaching retirement as well as for those who are already retired.
Most of us buy life insurance to replace the loss of income that would occur should we die or to create an estate for our loved ones (click here see accompanying Did You Know article), but there are many other reasons:

• You have an aging parent or disabled relative who depends on you for support
• You have a large estate and expect to owe estate taxes
• You own a business and have a partner
• You have a substantial joint financial obligation, such as a personal loan for which another person would be legally responsible after your death

Life insurance and retirement
Many retired couples depend on Social Security and pension income to survive. When one spouse dies, those payments may be reduced — survivor benefits are often much lower than retiree benefits — while many of the ongoing expenses remain for the survivor. You can help protect your surviving spouse from this reduction in income with life insurance. The death benefit can replace your missing income so a personal loss does not become a financial one as well.

CALL ME: MARIANNE HOBBS INSURANCE AGENCY 602.547.1970 OR
http://www.farmersagent.com/mhobbs I can help you analyze your individual situation so you can determine your life insurance requirements and decide whether your coverage is appropriate for your needs and your family.

Life insurance issued by Farmers New World Life Insurance Company, Mercer Island, WA 98040.
Products and features may not be available in all states and may vary by state.