I'm looking at life insurance now that we've been out of work about a year .
What makes sense for a couple with ages 44/55?
I'm wondering if SS won't payout until either is 62, would it make sense to get a larger plan?
I'm 44. Even if spouse makes it to 62 and if SS is available if anything happens I don't get to carry on benefits is my understanding.
And if it carries over by chance when I'm 62 I will only get 37.5% or something because of imitating at 62.
Technically i earned a higher wage in my career but it I don't have as many year earned. I don't have the 30 years. 5 years self-employed and now 1 year early retirement.
Any input is appreciated.
What makes sense for a couple with ages 44/55?
I'm wondering if SS won't payout until either is 62, would it make sense to get a larger plan?
I'm 44. Even if spouse makes it to 62 and if SS is available if anything happens I don't get to carry on benefits is my understanding.
And if it carries over by chance when I'm 62 I will only get 37.5% or something because of imitating at 62.
Technically i earned a higher wage in my career but it I don't have as many year earned. I don't have the 30 years. 5 years self-employed and now 1 year early retirement.
Any input is appreciated.