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We are all going to live forever, right? June 12, 2014

Posted by shaferfinancial in Finance.
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I will keep this short. Very few people really consider that they will die early rather than later. But here is the truth. 17% of men and 11% of women die between the ages of 55 and 70. By age 70 over 25% of men have died. Those are not insignificant numbers. This hidden fact, is perhaps scary, but should be addressed in financial planning. The age cohort of 55 to 70 is also significant for the lack of life insurance owned.

Just another reason to save in an EIUL, with a death benefit, as oppose to a 401K without one.

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