Home

Slang for retired person

RETIRED PERSON Synonyms: 67 Synonyms & Antonyms for

Discovering 'Jubilee' Instead of Calling Herself Retired. Since this term is new, an elevator speech might be necessary. After seven sabbaticals, or 49 years, a person reaches the big. Find 49 ways to say RETIRED, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus Retirement kills more people than hard work ever did. Retirement may be an ending, a closing, but it is also a new beginning. Retirement may be looked upon either as a prolonged holiday or as a rejection, a being thrown on to the scrap-heap. Retirement means doing whatever I want to do. It means choice

Today, people in their 50s and 60s are going back to school, starting new businesses (55+ is the fastest growing demographic for new businesses), they're building new homes, starting charter schools, exploring the world, campaigning for candidates, even joining the Peace Corp. Retirement it's definitely not See more words with the same meaning: flirting, hit on, pimp, player, wing-man. See more words with the same meaning: old person. See more words with the same meaning: woman, women, female. Last edited on Dec 26 2010. Submitted by Rolf S. from Vancouver, BC, Canada on Jan 21 2003

See more words with the same meaning: unintelligent person, idiot. Last edited on Oct 14 2018. Submitted by Linz from Cary, NC, USA on Jan 27 1999. notes. According to the original stereotype, this term was used in reference to females (blondes) and not males (blonds). However, in theory this term can also be used to refer to males When it is no longer necessary to suck up to Corporate America in order to earn a living. This means giving up crowded airports, unnecessary meetings, a Sales Manager that is 20 years your junior telling you how badly that you suck, Action Plans, Quotas, more meetings, a business suit, white shirt and tie, ulcers and stomach cramps. Being genuinely retired means that you began long ago to plan.

He literally has a physical reaction to the term retirement and he is not alone. Time and time again, I hear people talk about the need for a new word and I've heard everything from rewirement. Military slang is practically a second language. Learn more with our list of military sayings and what they mean in the context of the military Retirement parties and gifts are common ways for people to recognize retirement. A special card with heartfelt words is also a gift that can be greatly treasured. If you're looking for some words of inspiration beyond congratulations, take a look at these well-known retirement quotes to add to your card or gift There was a time we retired people for kind of the same reason. This happened at a time when we statistically worked to the age of 65 and we statistically died at 70. We retired because we were old, worn and maybe useless. In fact, there was a time when retirement was forced upon us at a certain age

15 words to add to the retirement lexicon - MarketWatc

Card Retirement Wishes. I wish you the best in this next phase in your life. Best wishes for a happy retirement. Enjoy the adventure that awaits you. Have fun in your retirement. Enjoy the time that now becomes 100% yours. Time to chase those dreams that kept getting postponed for lack of time. Enjoy writing this next chapter of your life A resume summary statement can be a valuable section for a retired person to showcase their collective years of experience and skills. How to Write a Retired Person Resume Summary Statement While writing a resume objective is no longer the standard, you can still provide vital information by writing a resume summary Euskera word meaning dog. Slang for a police officer, especially a member of Ertzaintza (the Euskal Herria police). V Vics US slang term for the police in the 1990s and 2000s, referring to the Ford Crown Victoria, a car model commonly used by police departments. Slang term used in Victoria, Australia for the Victoria Police Today's workplace is trending toward flexible work options, and there are many opportunities available for retirees who want to stay active and earn a paycheck. You don't have to commit to full-time employment to get hired. There are many jobs available that you can do on a freelance, temporary, short-term, part-time, or seasonal basis

Retired people can pose a greater risk for lenders as, without a regular salary, they may struggle to meet their repayments. As a result, lenders may either offer higher rates to older borrowers, shorter terms, or simply refuse loan applications altogether A dignified retirement also means having access to affordable health care and support. Too many Americans - and too many older Americans - cannot afford their prescriptions or their long-term care. Their families are faced with saving for their own retirement or taking care of their aging parents. It's not right A myth. Something hard working people look forward to all their working lives, only to be disappointed by the fact that they can't afford to live off there substantially small pensions for the rest of their lives Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are old or incapable of doing their job Most brick and mortar banks have a high minimum deposit, averaging around $2,500. The annual percentage yield (APY) will be minimal, however, and you might even lose money during times of rapid.

What Retirees Should Look for in an Investment. If you're about to retired and looking to invest, your ideal investments will look drastically different than those of a 20, 30, or 40-year-old Vanguard Wellesley Income (VWINX) This fund is solidly conservative. It holds 35% to 40% stocks, 60% bonds, and the remainder in cash. Returns from Wellesley beat other conservative allocation funds for three-, five- and ten-year returns. It also has a very cheap expense ratio of 0.23% Speak with a knowledgeable professional about setting up different retirement buckets that can help you reach your goals. Short-term, medium-term, and long-term goals can all be managed when you use different asset buckets to help you manage your money in retirement. Don't forget to be realistic about your retirement goals Loans for retired people Some lenders handle applications on a case-by-case basis. You may need to earn over $14,000 per year to be eligible

What is Another Word for Retirement? There Has Got to Be

noun. a retirement community, (a place where old people go to live.) Possible etymology: raisins are wrinkled. See more words with the same meaning: retirement community. Last edited on Feb 27 2018. Submitted by Kevin H. from Cedar Rapids, IA, USA on Nov 29 2001 . +. Add a definition for this slang term Referring to a broader group, A term we often use is people age 50 and up and/or people 50-plus, said Jo Ann Jenkins, the CEO of AARP. It's factual and commonsense.) It's. Older adults was the winner and it's the term you hear used most frequently Seniors was tolerable; likewise for elders. Everything else - golden years, silvered tsunami, geriatrics - all of that, forget about it. Even the AARP (formerly the American Association of Retired People) has banished retired from their public name Long-term care insurance will help cover those expenses so you don't end up spending your retirement savings for long-term care. 9. They live below their means. You won't find retirement-savvy people spending more money than they make. Nope! They buy modest houses and pay cash for vehicles and vacations Military slang is a set of colloquial terms which are unique to or which originated with military personnel. They are often abbreviations or derivatives of the NATO Phonetic Alphabet, or otherwise incorporating aspects of formal military concepts and terms.Military slang is also used to reinforce the (usually friendly) interservice rivalries.Some of these terms have been considered gregarious.

Retirees can easily find activities and join social groups. The average home price is affordable for most people, but you'll need to plan for the real estate transfer tax. This tax is one of the highest in the country. Long-term care and senior housing costs are the highest in our top 10 retirement states Many Americans return to work after retirement due to the need for extra income for unexpected expenses, lack of savings, or because of a desire to stay busy. A full 19 percent of people work at least part-time after retirement according to a U.S. jobs report, and many aren't even retiring at all. With up to 32 percent of seniors expect to be. Volunteer Mission Belize Orphanage Childcare Program. Our programs in Belize offer an unparalleled opportunity to discover one of the most fascinating lands of Central. Belize. Children at Risk, Humanitarian Aid, Internships, Missionary Kids, Orphanages, Retirees, Short Term, Special Needs, Sports Ministry, Teachers, Teaching English Research finds that retirees who got a bridge job, another term for this type of work, are often in better health, both mentally and physically, and report higher levels of life satisfaction. So look around your community (or search the internet for work from home opportunities) for jobs that you might enjoy doing during retirement

A Better Way To Say 'I'm Retired' - Forbe

  1. What is particularly attractive about these opportunities for retirees is that all of them are inexpensive to start and can be operated as part-time, home-based businesses. Running your own small business can help keep you motivated, happy, and healthy for years to come, as well as supplement your retirement income
  2. 15 part-time jobs for retirees. Libby Wells is a contributor covering banking and deposit products. She has more than 30 years' experience as a writer and editor for newspapers, magazines and.
  3. Many people reaching retirement age don't have the pensions that lots of workers in previous generations did, and often have not put enough money into their 401(k)s to live off of; the median.
  4. Retirees tread a tricky line: Keep enough cash in their pockets to cover the unexpected but not so much that inflation nibbles away at their nest egg. However, in my firm's experience, we find.
  5. Some announce retirement and enter it short-term, just to rejoin the workforce again. However, it generally occurs between the ages of 55 and 70. One of the most important factors that affect a person's decision to retire is whether it is even financially possible in the first place
  6. The only exception is for an individual who took early retirement through Social Security, which is possible at 62, before being approved for disability benefits. Disabled before early retirement benefits start. If an individual drew less than a full monthly retirement benefit for a period of time, and then was approved for disability benefits.
Useful English words/ phrases No

Financing options for veterans. Whether your retired from the military or simply served the country, you may have loan options you aren't aware of. Some lenders, like Navy Federal Credit Union and USAA, cater to veterans. Other lenders may have special deals or lower interest rates if you provide proof of your service Having realistic expectations about post-retirement spending habits will help you define the required size of a retirement portfolio. Most people believe that after retirement, their annual. Retirement planning is the process of deciding what your retirement goals are and the actions and decisions you need to undertake to bring these goals to fruition. It involves estimating expenses and saving and identifying other sources of potential retirement income. Your future finances will determine your retirement goal for instance in the. Retirees might be out of the workforce, but that doesn't mean they can't go on vacations. After all, retirement is the perfect time to travel the world and visit the spots you've always wanted to. Stock prices tend to rise over the long-term, which is why people buy them. Since 1926, the S&P 500 has posted a 10.24% average annual return with dividends reinvested, according to S&P Dow Jones.

Retirement before Normal Retirement Age (NRA) reduces benefits, and retirement after NRA increases benefits. NRA, also referred to as Full Retirement Age, varies from age 65 to age 67 by year of birth. The normal retirement age (NRA) is the age at which retirement benefits (before rounding) are equal to the primary insurance amount Retirement definition, the act of retiring, withdrawing, or leaving; the state of being retired. See more

Retirement goal setting. Your vision will become clear only when you can look into your own heart. Who looks outside, dreams; who looks inside, awakes.. Ask someone what they want to do when they retire and most people will give a response that has something to do with travel. There's nothing wrong with traveling in retirement but the. Think Long Term Anyway. If your money is evenly split among stocks and bonds — which is often the case for retired people — then it already has a built-in cushion: The stock market has.

RETIRED Synonyms: 49 Synonyms & Antonyms for RETIRED

Term life for retirees. In some cases, retirees may still have one or more financial dependents. You might have a spouse with no income or a disabled child, in which case keeping your term life. However, most people in their 30s have other priorities and are just getting started saving for retirement, so long-term care insurance may not be the most pressing issue

They suggest that retired people will spend approximately 20% less per year in retirement. And, that may be true if you were to average your spending over the 20-30 retirement years. However, in many cases that rule of thumb is completely incorrect and this system of budgeting does not consider that retirees need access to different amounts of. Retirement plans can be classified in 3 ways: 1. Nature of investment. Investment plans - In this plan, you pay regular premiums which are invested in both equity and debt instruments. You can choose from fund options based on your financial risk appetite. Savings plan - These plans that do not invest in the market In the United States, people live an average of 20 years after retirement. The three most common options to save for retirement are: Retirement Plans offered by an employer. Savings and Investments. Social Security. Brought to you by USAGov You'll pay either a 0%, 15%, or 20% tax rate on long-term capital gains, depending on your income and filing status. The 0% tax rate applies to long-term capital gains of no more than $40,000 for single filers, or $80,000 for married couples. The 15% tax rate is imposed on capital gains for singles with incomes from $40,001 to $441,450, or. Even an assisted-living facility costs a national median of $48,612 a year for a single room, according to the 2019 cost of care survey from long-term care (LTC) insurance broker Genworth. You.

Well, Military Benefit Association can help — with high-quality term life insurance for less than what you may be paying for VGLI. If you're looking for a less-costly way to ensure your family's financial security, take a minute to learn about MBA Military Term Insurance to age 90 and MBA Monthly Income Term Life Insurance Plan The only problem is most clients never execute the second part of the equation, leaving many of them uninsured in later life and unprepared for retirement. People don't buy term and invest. Short Term Loans For Retired People, instant approval payday loans online, orlando business finance in albuquerque, american web loan contact in topeka Fighter sim which finishes at the Battle of Endor, for PC If you are 65 years or older, or a person of any age in need of long-term-care services, read on to apply for MassHealth Self-service available 24 hrs/day in English and Spanish. Other services available Monday-Friday 8 a.m.-5 p.m. Interpreter service available. TTY Call MassHealth Customer.

101 Funny Retirement Slogans and Mottos - BrandonGaille

  1. That's why they call it term insurance. If you or your spouse dies at any point during those 20 years, your beneficiaries (the people you picked to inherit your money) receive a payout. For example, if you bought a $300,000 policy for a 20-year term and you die within the next 20 years, your beneficiaries would get $300,000
  2. Many people planning for retirement combine a few products to best address their financial needs. Created with Sketch. Retirement income . If you have money you've already saved for retirement, you can transition it to income for the rest of your life. Long term care insurance can help fund expenses related to an extended care event..
  3. When building a retirement portfolio, the goal is to grow your assets for the long term. Since no one knows which asset classes will lead and which will lag, diversification is paramount. And.
  4. The average 401k balance at age 22-24 is $21,893. This is actually pretty impressive, and indicates that young people using the Personal Capital dashboard are taking their retirement savings seriously. When you're in your early 20s, if you've paid down any high-interest debt, endeavor to save as much as you can into your 401k

There are lots of different types of investment accounts, but retirement accounts like IRAs and 401(k)s were created specifically to give people incentives to save for retirement The Federal Long Term Care Insurance Program (FLTCIP) is available to eligible federal and U.S. Postal Service employees and annuitants, active and retired uniformed service members, and certain qualified relatives. For detailed eligibility information, refer to the Long Term Care Security Act and associated regulations This couple near retirement did not need a long-term disability policy because they had already saved so much money. Officially retired from her physician's practice, the wife had no need for disability insurance. Even with the husband still working, the couple had more than enough money to retire that very day - if the husband wanted to

Let's Find a New Word for Retirement HuffPos

So even though short-term expenses for sick people are higher, longer life spans mean that total medical costs for healthy people exceed those for their less healthy counterparts. Because of the effects of inflation, a 50-year-old couple in 2019 planning to retire at age 65 can expect to spend about $405,000 on health care in retirement But now, inflation as measured by the consumer prices index (CPI) is rising 5% per annum and retirees might consider repositioning not just their long-term investments (as I wrote about recently. If you have $100,000 in a variable annuity, that would cost you $2,850 per year. If you're expecting your variable annuity to grow in value by, say, 6% annually, remember that you'll be losing 2. An emeritus is a retired college professor or minister. When a professor stops teaching, she might be given the title of emeritus, which basically means she can still be remembered as a successful professor

Slang words for old person Urban Thesaurus The Online

There are the big terms to know in 2016. What it means: High-key refers to something needing to be said out loud. Low-key is the opposite. Both can refer to an intense like/dislike Older adults are increasingly embracing the idea of living in retirement communities. According to USA Today, more than 600,000 older Americans like the idea of getting settled in a community and staying there if their care needs change. In a continuing care retirement community, residents can move within levels of care while staying in the same community So I can see why people who are working wonder what retired people do - we do whatever we want, when we want, for as long as we want, until we want to stop. I tell my siblings that the solution is to find those things that you care about and inspire you and begin living them now so that you hit the ground running when you do retire Retirement is a Mindset. The fourth way to think of retirement is as a mindset, or a cognitive orientation that determines how people gather information, process it, make decisions, and evaluate. Nicaraguan Slang You'll Only Hear A Local Use. Get our free email course, Shortcut to Conversational. Have conversations faster, understand people when they speak fast, and other tested tips to learn faster. Whether it's partying on a beach in San Juan Del Sur, taking in the colonial vibes of Granada, or surfing down the active Cerro.

Slang words for unintelligent person, idiot Urban

  1. Fidelity estimates that on average a 65-year-old retired couple needs $285,000 to spend on health care over the course of retirement 3. For planning purposes, you may want to factor in an even higher number, because many people experience above-average expenses—often due to chronic illnesses, longevity, or long-term care costs
  2. The first row showing the Consumer Unit refers to the number of persons living in the surveyed household that are financially connected with each other. If conversion of the dollar amounts to those for single (consumer unit = 1.0) or married (consumer unit = 2.0) is desired, the so-called square root rule can be used.. Key observations on spending for the average person in these age ranges are
  3. That's one reason why I would rather see retirees run with a broader basket, whether that's a total market index fund or some sort of high-quality intermediate-term bond fund, I think is a good.
  4. Retirees who have the time can sign up for an 18-day once-in-a-lifetime sailing from Capetown to Ghana. Find out nine more of the best all-inclusive cruises. via hollandamerica.com
  5. Define retired. retired synonyms, retired pronunciation, retired translation, English dictionary definition of retired. adj. 1. Withdrawn from one's occupation, business, or office; having finished one's active working life
  6. Full Retirement Age: The age at which a person may first become entitled to full or unreduced benefits based on age. The age which you will be able to collect your full retirement benefit amount. The full retirement age is 66 if you were born from 1943 to 1954

Taxes and retirement The old rule of thumb used to be that you should subtract your age from 100 - and that's the percentage of your portfolio that you should keep in stocks To be able to extend your permission to stay, you must: currently have permission to stay as a retired person of independent means. have a minimum disposable income of £25,000 a year under your. Let these retirement quotes and sayings be ones that you share with the new retiree. Also find retirement wishes to send congrats! Retiring from work can be one of the best times of a person's life. Best Retirement Quotes. Retirement is a blank sheet of paper. It is a chance to redesign your life into something new and different 0-9 []. -dark-hundred, 0'dark-hundred (pronounced oh dark hundred, because the zero in time expressions was verbally pronounced oh in the US Navy and US Army as late as the 1980s: A slang term for any time between midnight and daylight.Used to convey that the time is when people are usually asleep. e.g. We have to get up at -dark-hundred.It is not a reference to any particular time Retired status is not a given, a person has to work hard and be a shining example for their brethren as well as their community. When one retires from a police department, they do not forget what.

22 Instagrams out of Breckenridge, CO - Matador Network

Urban Dictionary: retire

Life Insurance For Retired People. Many people believe that term life insurance is only for younger people who are making sure their spouses, kids, and home mortgage will be paid for if they pass away. However, people are enjoying longer and more productive lives these days. After all, in 1900 a person could expect to live an average of 47 years In your 40s, you're hitting your peak earning years and should be well on your way to achieving long-term savings goals. Here are four savings goals to meet during this important phase of your life Buying an RV for retirement is something many people fantasize about. Before taking the plunge, know what you're getting into. Renting an RV is a great way to make a trial run and experience the pros and cons of full-time RV living. If you decide to purchase a camper, research a variety of makes and models before deciding which one is right.

Living off dividends in retirement is a dream shared by many investors. But in today's environment marked by rising life expectancies, extremely low bond yields, and elevated stock market valuations relative to history, retirees face challenges on all fronts to build a stable income stream that will last a lifetime Americans are increasingly responsible for planning their own retirements as pensions gradually go extinct. Combine that with longer life expectancies and weaker Social Security benefits, and many Americans worry they'll run out of money in retirement.. Although retirement has changed dramatically over the last 25 years, you have more resources than ever to help you plan your retirement safely People in their 20s are more inclined to spending or saving for short-term goals rather than long-term ones. In the 30s, people tend to be busy with loan repayments and kids. It's in their 40s that people start investing/saving for their retirement

Shotgunning | Ganjapreneur

A healthy male-female couple retiring at age 65 in 2019 can expect to spend $285,000 on health-care expenses in retirement, according to Fidelity Investments' annual analysis, released Tuesday. Preservation: Retired investors typically allocate a portion of their retirement assets to conservative mutual funds for the purpose of simply preserving assets for short-term needs An Aggressive Retirement Portfolio in 3 Buckets. This stock-heavy portfolio is appropriate for retirees with long time horizons and ample risk tolerance. Thanks to the Federal Reserve's dramatic.

Some people have a passion for RVing and love RV retirement parks. If you can remember what it was like to go camping; waking up to mountain, lake or other scenic beauty; when foods smell fresher and appetite is keener; perhaps a swim or hike just beyond your front door, you may be thinking of the RV life or you may already be enjoying it 2020 employee contribution limits. Contributions for employees made solely by employer (or sole proprietor); limit of 25% of net self-employment income, to a maximum of $57,000. Lesser of $19,500.

The Official New Word That Will Forever Replace The Term

The appropriate mix of stocks and bonds can vary from person to person for any number of reasons, including age, the size of your nest egg, how much you have in the way of other resources to fall. Ensuring a short-term-rental-free neighborhood has gotten harder in the last few years. From the beginning of 2015 to the beginning of 2020, U.S. units rented short term on both Airbnb and Vrbo. Retirement Financial security in retirement doesn't just happen. It takes planning and commitment and, yes, money. Facts n Only 40 percent of Americans have calculated how much they need to save for retirement. n In 2018, almost 30 percent of private industry workers with access to a defined contribution pla

Marsden Brewhouse: Laundy family pub bans Nike shoes

Military Slang Sayings - YOURDICTIONAR

A ten-year term-certain annuity, for example, buys a stream of income for ten years. Because immediate annuities start paying out right away, they appeal to people already retired. They are not for everyone - they tie up assets, and you may lose money if you die before fully cashing out. Immediate annuities may be advantageous if. Why ESG Stocks Are Perfect for Retirement Portfolios Many retirement portfolios are based on long-term strategies, and many ESG stocks are based on long-term issues with high growth potential Fewer people enjoy the guaranteed income that comes with a final salary pension, and you now have to wait for longer to qualify for the state pension. In short, having plenty of money in retirement is on you shoulders - so the more prepared you are, the better your retirement will be. It can be a boring subject for some in working age per person in retirement. Belgium (25.9%) and the UK (24.1%) had also a proportion of old people similar to the European average (25%). In Poland and Romania the proportion was five people in working age per old person, whereas in Iceland there were almost six people of working age for every person of retirement age June 3rd, 2021. Long-term care costs can add up quickly. For veterans and the surviving spouses of veterans who need in-home care or are in a nursing home, help may be available. The Veterans Administration (VA) has an underused pension benefit called Aid and Attendance that provides money to those who need assistance performing everyday tasks

Why do British people call the hatch to their water supplyBuona Forchetta opens first North County restaurant - The

Retirement Quotes The 30 Best Inspirational & Funny

Do retirees need long-term care insurance? Health care costs are a big concern for people going into retirement, but the costs of long-term care can still be a shock. • 70% of people over 65. If you're confronted with decisions about retirement sooner than you'd expected, we can help. Our advisors can guide you on the best choices for you. Get your retirement plan. Get more from Vanguard. Call 800-523-9447 to speak with an investment professional. Custom financial plan. Ongoing portfolio management. Investment coaching

Do we need a new word for retirement? - Retire Happ

Long-Term Care Needs Are Increasing. The Fidelity healthcare cost estimates for retirees don't include long-term care expenses. The increased need for long-term care — because people are living longer — is another reason it's harder to save for retirement now, Collinson said So if you're nearing retirement and you're looking at collapsing annuity payout rates, you have an alternative strategy. Park some money in cash or short-term bonds to carry you through to. Term life insurance provides coverage for a specific period. It is also less expensive than permanent life insurance which accumulates cash value and provides other benefits. Term life insurance has a guaranteed death benefit 2, but no cash value, and its premiums will either stay level or increase at pre-determined intervals, such as after one.

What Are Some Things Hawaii Is Famous for? | Synonymcourtweek

Programs and Services for Older Adults. From this page, you can access a variety of information on programs and services in Wisconsin for older adults and caregivers. Click the link on the program or service name to learn more. Adult Protective Services. Aging and Disability Resource Centers (ADRCs) are the first place for help So we've set out to simplify things. And today, SeniorLiving.org is the a trusted source for helping aging adults and caregivers to find the products, services, and resources to make senior living a little easier. Our expert guidance promotes a more enriched lifestyle all around — a lifestyle of comfort, security, and happiness Many people are frightened of long-term care costs — for good reason. Most people over 65 eventually will need help with daily living tasks, such as bathing, eating or dressing. Men will need assistance for an average of 2.2 years, while women will need it for 3.7 years, according to the U.S. Department of Health and Human Services. How people pay for long-term care—whether delivered at home or in a hospital, assisted living facility, or nursing home—depends on their financial situation and the kinds of services they use. Often, they rely on a variety of payment sources, including personal funds, government programs, and private financing options Federal retirees and their surviving spouses retain their eligibility for FEHB health coverage at the same cost as current employees. In order to carry your FEHB coverage into retirement, you must be entitled to retire on an immediate annuity under a retirement system for civilian employees (including the Federal Employees Retirement System (FERS) Minimum Retirement Age (MRA) + 10 retirement. Ten Reasons Why You May Need Life Insurance in Retirement. 1. A life insurance policy's death benefit is a source of cash for final expenses and estate settlement costs, including estate and inheritance taxes. The proceeds from a life insurance policy can be used to help pay for funeral costs and final expenses