“There is always a downside to all strategies. If the couples live shorter lives than expected, then the lifetime benefits could be much less. However, in this case they do not really get hurt because they obviously no longer need the income. However, the reduced benefits could hurt a surviving spouse or the kids if one or both of them should have shorter lives than expected.” – Ken Davis CLU, ChFC, CFP, CPA.
Ken and I introduce the use of term life insurance in conjunction with social security planning.
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Steve Savant hosts The Business Insurance Zone, a daily talk show for financial producers and One for the Money, a weekly talk show for consumers. Steve’s videos, tweets, blogs, articles and news commentary are distributed on VIMEO, You Tube, Face Book, Tweeter, LinkedIn, Google Plus, Pinterest... More