Many seniors assume life insurance is only for young families with mortgages and kids, but the truth is, it can be a powerful tool for retirement planning, legacy building, and financial security. In this episode, we break down everything you need to know about life insurance after 65, including permanent vs. term policies, final expense coverage, and how some retirees are leveraging life insurance to protect wealth and reduce taxes. #LifeInsurance #RetirementPlanning #FinancialFreedom #LegacyBuilding Talk to one of our partners, Traci S. Bell: CalendlyAlternative Asset Investing - Traci S. Bell, CPA, Financial Educator Chapter:0:00 – Intro: Is life insurance after 65 a strategy?01:56 – Reviewing insurance during open enrollment00:59 – Year-end financial reviews with family06:34 – Misconceptions: “Too old / too expensive”07:55 – What to consider when buying at 65+10:55 – What life insurance can solve (final expenses, estate issues)12:05 – Example: Inheriting assets without cash13:39 – Special needs + long-term care planning14:56 – Beneficiary mistakes with minors17:00 – Retirement income realities (Social Security, pensions)19:19 – Cash value as a reserve20:22 – Whole life vs universal life21:53 – Cash-ready custom policies for seniors23:49 - Fan Follow of the week25:05 – Tax advantages of private life insurance26:21 – Inheriting taxable retirement accounts27:40 – Families avoiding money conversations28:36 – When seniors can’t qualify & insuring others29:33 – Life insurance as a “finish strong” tool30:03 – Book a call for personalized guidanceIf you're ready to learn more about the Infinite Banking Concept (and put JDew to the financial advisory test), you've got to watch our full Save & Spend Presentation and then schedule your FREE call with us at: https://thebankingbros.com/save-and-spend-system-podcast-link If you're interested in the source material (we didn't come up with this!), we'd highly recommend that you get a hold of R. Nelson Nash's book: Becoming your Own Banker (5th Edition) https://amzn.to/2ZMw0h6 You can learn more about us at: https://thebankingbros.com/save-and-spend-system-podcast-link Follow and like us on FB, IG, and TIKTOK:https://www.facebook.com/cashcompoundhttps://www.instagram.com/thebankingbroshttps://www.tiktok.com/@thebankingbros
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