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Riversource 37856forms Com

Riversource 37856forms Com

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(upbeat music) - Welcome back, everybody. Bruce Porter joins us now for this weeks Dollars and Cents segment. Thanks for coming in. Good to see you as always. - Good to be here. - Okay, today we're gonna talk about something, life insurance. - Oh, boy. - Okay, yep. Here's a question. I've recently applied for life insurance. I've been turned down due to previous health issues. I'm wanting to have a policy for final expenses and leave something to my children and grandchildren tax free. Okay, I am retired and I have IRA's and other cash available. Any thoughts? And of course, of all people in the world, you will have thoughts on this. - Yeah, sometimes you gotta think outside the box a little bit. So the big benefit of life insurance when you're older is your heirs your beneficiaries are gonna get money tax free. - Yes. - A lot of people buy life insurance at an older age to crate tax free estates for their heirs, so that also allows them to spend all their money, - Exactly. - And leave

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