Life Insurance for Family: The Midpoint Reset

Maria (45) and David (47) are a professional couple with two kids in middle school. They have a combined income of $180,000, a solid 401(k) plan, and a small brokerage account.

They feel a constant pull between saving for college and their own retirement. Every time they try to save more for one, they feel like they’re taking away from the other. Trying to explore options with life insurance for family planning.

They're successful, but the anxiety of not having enough for both futures is beginning to weigh on them. They feel like they are working so hard but not seeing the growth they were hoping for and feel they could be doing more to get on track for a secure future.

At this stage of life, you're wearing many hats—parent, employee, and caregiver. Your financial questions are deeper and more complex. Here are some of the most common concerns we hear from families.

Q: "We're already saving for our kids' college. Isn't that enough?"
A: While saving for college is a noble goal, prioritizing it over your own retirement is a common mistake. Remember, you can take out a loan for college, but you can't take out a loan for retirement. Your retirement savings need to be a top priority. We can work together to create a plan that balances both, ensuring your children can pursue their education without putting your future at risk.

Q: "Our term life insurance is about to expire. Should we just get another one?"
A: This is a critical moment. The term policy you bought in your 20s was perfect for a specific period, like your mortgage. Now, your needs may have changed. Renewing it will likely be much more expensive, and a new term policy might not be the best solution either. This is the perfect time to explore a permanent policy. In addition to a death benefit, permanent life insurance can build cash value that you can use for supplemental retirement income, a tax-free way to access cash for a new business venture, or to cover a child's wedding. It's an investment in both your family's future and your own.

Q: "We feel like we're always running to catch up. How can we simplify our finances?"
A: At this stage, your financial life can feel fragmented—a 401(k) here, a brokerage account there, and a 529 plan for college. The key to simplifying is a holistic financial strategy. Instead of seeing each product as a separate silo, we can create a single, unified plan. Think of it as a blueprint for your entire financial house. This allows us to find efficiencies, ensure all your assets are working in harmony, and eliminate the stress of managing a dozen different accounts.

Q: "Is it really not too late for us to get on track for retirement?"
A: Absolutely not. While you've lost some of the compounding time that a 20-year-old has, you now have the benefit of a higher income and the ability to make "catch-up contributions" to your retirement accounts once you turn 50. This allows you to rapidly increase your savings in a way that wasn't possible when you were younger. This is your power-accumulation phase, and with the right strategy, you can close the gap and secure the retirement you've always envisioned.