Why Retirees May Need Life Insurance Coverage Archives - Udell Family Insurance

Why Retirees May Need Life Insurance Coverage

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Do retirees need life insurance?

If you have retired, then your mortgage is probably paid off, and your kids have probably moved out.  At this point, you may assume that you no longer need your life insurance policy.  However, before you cancel your coverage, consider these reasons why many retirees actually need life insurance.

It Provides a Source of Supplemental Income

When you retire, there’s always a risk of you outliving your assets.  However, if you have permanent life insurance, then you can rely on your policy as a source of supplemental income […]