Softer Life Beyond Trauma ~ Helping People Overwhelmed by Uncertainty create Peaceful Life Changes

Life Insurance for Seniors  Shopping for life insurance in retirement can feel overwhelming. One ad promises coverage without a medical exam. Another leads with a low monthly price. But if you’re trying to spare your family a funeral bill or help your spouse stay in the home, the most important question is simple. What would my family need money for if I died? Start there. The answer will help you decide how much coverage to look for, how long you need it, and what you can afford to pay. 1. Figure out what you want the policy to cover Write down the expenses you want to help with. That might include a funeral or cremation, a mortgage you share with your spouse, or several months of household expenses if your death would reduce the income your spouse receives. Then subtract savings and existing life insurance already set aside for those same expenses. For example, if you estimate $9,000 for final expenses and have $3,000 earmarked for them, your starting gap is $6,000. If your famil...