You have worked for 40 years or more, and now you’ve finally reached your retirement years. The days of uncomfortable suits, boring business meetings and endless office hours are behind you. But are the days of paying into a life insurance policy behind you, as well?
For some people, it does not make sense to continue to carry life insurance after retirement. However, many retirees cannot imagine getting rid of their life policy. To some, it seems a bit preposterous to cancel a policy that they’ve paid into for years, especially when they haven’t gotten anything out of it yet.
It is important to remember that life insurance is not meant to actually insure your life. The purpose of life coverage is to protect those who rely on your income from financial hardship if you were to die. Do Retirees Need Life Insurance

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