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Retirement planning does not have to be confusing or overwhelming, especially if you’re located in Oro Valley, AZ. At Old Pueblo Insurance, we work alongside clients to help build proper life insurance policies, whether they are growing a family or getting close to retirement. If you’re a retiree, planning and executing the right policies can make a world of difference in terms of peace of mind.
Smart Estate Planning
Life insurance is not just about replacing income. It can also be a smart estate planning tool. For those who are about to retire, policies can help cover outstanding debts, estate taxes, and even funeral costs, depending on the policy you’re seeking. Some policies may even provide living benefits, which provide access to a portion of the payout if long-term care or care due to a terminal illness becomes necessary.
Reviewing Life Insurance
Reviewing your existing life insurance policies is always recommended, especially for those nearing retirement (or those already retired in the valley). Reviewing both universal and whole life policies can help ensure your policy is up to date with health care expenses, inflation, and the current cost of living in AZ. We’ll work with you to determine how your life insurance policy will work for you. Term life insurance may also make sense if you are carrying mortgage debt or you’re still paying for and providing financial support to dependents.
Understanding how life insurance planning works is key for many retirees. If you’re a retiree in Oro Valley, AZ, let us help you. To learn more about your options when it’s time to retire or if you’re thinking of investing in life insurance, contact Old Pueblo Insurance so we can guide you.
