November 18, 2025

Is Life Insurance Still Worth It after 65?

31 minutes

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 enrollment

00:59 – Year-end financial reviews with family

06:34 – 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 cash

13:39 – Special needs + long-term care planning

14:56 – Beneficiary mistakes with minors

17:00 – Retirement income realities (Social Security, pensions)

19:19 – Cash value as a reserve

20:22 – Whole life vs universal life

21:53 – Cash-ready custom policies for seniors

23:49 - Fan Follow of the week

25:05 – Tax advantages of private life insurance

26:21 – Inheriting taxable retirement accounts

27:40 – Families avoiding money conversations

28:36 – When seniors can’t qualify & insuring others

29:33 – Life insurance as a “finish strong” tool

30:03 – Book a call for personalized guidance

If 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/cashcompound

https://www.instagram.com/thebankingbros

https://www.tiktok.com/@thebankingbros

...more