Dear Savvy Senior,
Is life insurance needed in retirement? I’m about to retire and have been thinking about dropping my policy to escape the premiums. Is this a good idea?
While many retirees choose to stop paying their life insurance premiums when they no longer have young families to take care of, there are a few reasons you may still want to keep your policy. Here are some different points to consider that can help you determine if you still need life insurance in retirement.