Kiplinger

Do You Need Life Insurance in Retirement?

Many people I meet with ask me if they'll still need life insurance after they retire.

Their children are grown and have good jobs. They have put together a reasonably solid income plan with Social Security, pensions and annuities supplemented by investments and retirement accounts. Their surviving spouse will have plenty of money if they die prematurely. So, does life insurance remain a must?

The short answer, under those circumstances, is no. Probably not. If no one is going to be left without resources when you die, your death benefits

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