John Badalamenti, Co-Founder & CEO of Safe Estate Interviewed on The Influential Entrepreneurs Podcast, Discussing How Life Insurance Fits into Retirement

May 05, 2025 at 11:42 AM EDT

John Badalamenti discusses how life insurance fits into retirement

Listen to the interview on the Business Innovators Radio Network: Interview with John Badalamenti, Co Founder & CEO of Safe Estate Discussing How Life Insurance Fits into Retirement – Business Innovators Radio Network

John Badalamenti, Co-Founder and CEO of Safe Estate, discuss the often-overlooked role of life insurance in retirement planning. John emphasizes the importance of educating clients about life insurance, dispelling common misconceptions that lead many to dismiss it as unnecessary. He highlights that while life insurance may not be suitable for everyone, it can be a powerful financial tool when integrated correctly into a retirement strategy.

Life insurance is often perceived merely as a safety net for loved ones in the event of an untimely death. However, as discussed in the podcast episode of Influential Entrepreneurs featuring John Badalamenti, life insurance can play a much more significant role in retirement planning. It offers a variety of benefits that can enhance financial security and provide peace of mind during retirement years.

One of the most compelling features of life insurance is the tax-free death benefit it provides. This benefit ensures that, upon the policyholder’s passing, their beneficiaries receive a lump sum of money that is not subject to income tax. This can be particularly beneficial for covering expenses such as estate taxes, funeral costs, or simply providing financial support to family members. The death benefit serves as a legacy, allowing individuals to leave behind a financial cushion for their loved ones, helping them maintain their standard of living.

In addition to the death benefit, many life insurance policies offer living benefits that can be utilized while the policyholder is still alive. One of the most significant living benefits is long-term care coverage. As highlighted in the episode, approximately 70% of individuals will require some form of long-term care in their lifetime. Traditional long-term care insurance can be expensive and often results in lost premiums if the coverage is not used. In contrast, life insurance policies that include long-term care benefits allow policyholders to access funds for care without losing the value of their investment if they do not require care.

Another advantage of life insurance in retirement planning is the ability to withdraw funds tax-free. Policyholders can access the cash value accumulated in their permanent life insurance policies, such as indexed universal life (IUL) or whole life insurance, without incurring tax liabilities. This feature can be particularly useful for retirees looking to supplement their income while keeping their taxable income low. By drawing from this tax-free bucket of money, retirees can manage their tax brackets more effectively, especially in years when they may have other taxable income, such as capital gains from selling property.

Unlike term life insurance, which provides coverage for a specific period and requires requalification, permanent life insurance policies offer lifelong coverage. This permanence means that once a policyholder is approved, they do not need to worry about health changes affecting their premiums or coverage. While the initial costs may be higher, as John Badalamenti explains, these costs can average out over time, making it a viable option for those entering retirement.

John shared: “It is Time, Right Now, to STOP the “Casino Mentality” with your Retirement!!”

Video Link: https://www.youtube.com/embed/cN1dA2HEde4

About John Badalamenti

He has lived in this business for a while, 30 years fighting the Wall Street battle! Born and raised in beautiful Michigan with a close family that he loves and cherishes. They spend a great deal of time together traveling and love visiting their family cottage in up north Michigan. One of his truly favorite spots is mystical Mackinaw Island. Being an avid animal lover and protector, he will soon provide a sanctuary for animals that need love and a safe home. This will be in memory of his “ex-partner” and beloved friend Bambi, whom he rescued and who went everywhere with him in his travels. In his business mode, he works in many states but primarily the Michigan and Ohio areas fighting for his students and clients from the stock market insanity.

“Emotions run the market” and he has learned from all those emotions from all his students through the years!

Learn More: https://www.safeestate.net/

Recent Interviews and News:

John Badalamenti discusses the complexities of market risk: John Badalamenti, Co-Founder & CEO of Safe Estate Interviewed on The Influential Entrepreneurs Podcast Discussing Market Risk – Authority Press Wire

John Badalamenti, discusses how taxes affect retirement: John Badalamenti, Co-Founder & CEO of Safe Estate Interviewed on The Influential Entrepreneurs Podcast, Discussing How Taxes affect Retirement – Authority Press Wire