Life Insurance: What You Should Know

Author

Bodnar Financial Group

For more information about the author, click to view their website: Bodnar Financial Group

Posted on

Oct 05, 2026

Life insurance can end up being a smart addition to your portfolio, but you may wonder which policies will work to your advantage. With so many options out there, it can help to work with a financial advisor who understands more than just the perks of different carriers.

Bodnar Financial Group, helmed by financial advisor Len Bodnar, RICP (R), is a boutique retirement firm that carefully curates your assets so they mesh with the rest of your retirement goals. If you’re searching for a plan with a reasonable premium for the benefits it offers, it’s worth talking to an expert with some context about your loved ones and your lifestyle.


Life Insurance: What You Should Know

There are two general types of life insurance, and it’s important to know the basics behind the categories. It’s easy to choose a term life insurance policy because the premiums are extremely reasonable — even though this policy may not be what you want in the long run.

A term life insurance policy will end on a certain date. If the policy isn’t used by then, it expires. Most people will opt for this policy if they have children that they want to provide for up until a certain age. For instance, you might end your policy date when your youngest child finishes their Ph.D.

A permanent life insurance policy won’t expire, and it may even carry a savings component, in case you need it. While the premium cost will be higher, the actual benefits may work better to safeguard your portfolio from taking a bigger loss. If you have questions along the way, your advisor can tell you more about what to expect.

Bodnar can tell you about how different insurance carriers structure their policies and why certain plans may not offer any real value under the circumstances. Because a financial advisor knows both your preferences and the state of your assets, they can help you protect your beneficiaries when you’re gone while still protecting you during your retirement years.

 

  • To view the original version of this article visit retirewithlen.com/how-we-help/
  • Seniors Blue Book was not involved in the creation of this content.

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Bodnar Financial Group

Retirement Planning 1630 Manheim Pike, Lancaster, Pennsylvania, 17601

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