Gill Insurance Agencies: Rock Hill: 803‑324‑5300    |     Fort Mill: 803‑548‑5907    |    Mt. Pleasant: 843-388-5021

You’ve finally reached your retirement. Now it’s time to really enjoy life! But before you spend all of your well-earned retirement savings on travels and living expenses, have you considered applying some of that money toward life insurance? The Gill Agencies want to share some advice on why retirees should consider getting life insurance in Rock Hill, SC and Fort Mill, SC:

  • Estate taxes – Once you’ve retired, you need to consider the size of your estate. Should you pass away, your family could end up paying estate taxes. Depending on the amount of this tax, your loved ones could be forced to use your assets to cover the cost. If you have life insurance, the proceeds from the policy could be used to pay the tax burden instead.
  • Debts – After you’re gone, your loved ones will have to handle any outstanding debts you’ve left behind. A life insurance policy will give them a financial safety net so your family members won’t have to go into debt themselves to cover these costs.
  • Funeral payments – Don’t leave your family to face the high costs of your funeral arrangements. Life insurance will give them the reassurance that your funeral expenses will be covered. This will give them one less thing to worry about during a difficult time.

If you’re interested in learning more about why life insurance is beneficial for retirees, give Gill-Holler Insurance or Gill Insurance a call today. Our Trusted Choice independent insurance agents will answer all your questions about life insurance in Rock Hill, SC or Fort Mill, SC.