Jayson Lowe says 55 is the right age to lock in high cash value life insurance for retirement income. He explains how stacking multiple policies can create predictable cash flow and recommends comparing these programs against your existing assets to see what works best.
Is 55 too old to get high cash value life insurance? The answer is absolutely not. My goodness. Age 55 today, you're still a spring chicken, for heaven's sakes. And at that age, that may be a prime time for you to evaluate and investigate high cash value life insurance. Why would you want to do that? Well, the insurance companies have developed programs that they've aptly named insured retirement solutions. So at age 55, you're looking toward the horizon to say, what are my retirement years going to look like? What have I accumulated? What am I going to be prepared for in the way of addressing the lifestyle that my spouse and I want to have and the things that we want to do at that stage of our lives? Well, if you can put together high cash value life insurance, ideally a system of policies, you can engineer your retirement income literally, figuratively, quantitatively, you can literally engineer the amount of retirement income that you desire. And in order to, I guess, trust but verify that that's the case, get together, get connected with the right person on my team and ask them to walk you through an insured retirement program. And then contrast that with any of the other assets that are already on your personal balance sheet. And then contrast those assets with the characteristics of high cash value life insurance contracts and ask yourself, which of my existing assets do well in that comparison and which of my existing assets don't do well in that comparison? And I think that your eyes are going to be open to a whole new financial world.
