Life expectancy is now much longer and is rapidly becoming a problem. In the year 1910 life expectancies for men was about 48.4 years and for women about 54.6 years. I’m now 65 and my dad is 93 and mom is 91…true fact! Alzheimers is becoming a huge problem now because it hits the person prone to Alzheimers starting in the mid-to late 50′s. So, it was back in 1910 but most people didn’t live long enough to get it. Now, the statistics are that 32%, nearly a third of all people, will have Alzheimers, to various degrees, by the time they are age 84.
Life expectancy then, being much longer now, is definitely causing large problems and all of that costs a lot of money late into life. Seniors who have life insurance policies, that now need to be sold due to their changing life circumstances, may need that sale to take place due to conditions like Alzheimers, where they may continue to live longer, but need additional income to handle the problem.
Since your life expectancy is probably longer, one of the best places to put money, is into a life insurance policy. The intrinsic value of a life insurance policy, is almost always much more in the long run, than what you will put into it. The money that will be left to your family on death, tax free, cannot be equaled by any other investment. The money you can get from selling it, if your circumstance changes and the need to your family is no longer there, will nearly always be more than what you put into it. For more information please click on LIVEpdq.