Living Too Long
Vs.
Not Living Long Enough

Your Life Span

The way you see it, your lifespan is looking great. You’ve been successful along the way, you have a family and loved ones you care for, and your golden years are far off in the distance. It’s the perfect picture most of us are looking for. Now it’s time to protect everything you’ve worked for with time-tested risk management principles.

There are two conditions to consider: not living long enough and living too long. You’ll also need to be prepared for potential detours along the way that could cause financial stress for you and your family.

Not Living Long Enough

What would it look like your life just STOPPED? Suppose you died during your earning years. If your loved ones depend on your financial support for their survival, then life insurance is a must because it replaces your income when you die. This is especially important for parents of young children, or adults who would find it difficult to sustain their standard of living if they no longer had access to the income provided by their partner. Life insurance offers a way for your family to continue living comfortably and without worry.

Living Too Long

You’ve spent a lifetime navigating your way to reach your goals. Congratulations! Now it’s time to relax. However, chances are you’ll need some help taking care of yourself later in life. The big question is: How will you pay for it? Buying Long-Term Care Insurance (LTCi) is one way to prepare. Long-term care refers to services that aren’t covered by regular health insurance. This includes assistance with routine daily activities, like bathing, dressing and getting in and out of bed.