Save Money On Life Insurance With Targeted Funding

We are back on the subject of Targeted or Efficient term life insurance funding based on a recent client’s personal situation. The client is age 50, in excellent health and plans to work until age 62 (12 years).

Based on current income replace needs and short term liabilities, he’s decided he needs to maintain $1,000,000 of term life insurance until age 62, at which time ongoing life insurance coverage will not be needed.