Reported 3 days ago
At age 40, a man is reassessing his life insurance needs in light of his disabled partner's dependency. With a current term policy expiring at 53 and an employer-provided policy at risk if he changes jobs, he seeks guidance on how much coverage is necessary. Key points include discussing his partner's lifestyle needs, estimating future expenses, considering immediate annuities for consistent cash flow, and understanding that life insurance needs typically decrease over time as financial circumstances change.
Source: YAHOO