Too many people assume that once you retire and your children have grown you can eliminate life insurance. Just the opposite is true. Life insurance can, and should, play a key role in your overall retirement planning.
Why is it that life insurance is the only form of insurance protection that people think they can drop when they retire? You wouldn’t drop your car insurance when the odometer hits 100,000, stop insuring your engagement ring after your silver anniversary, or get rid of your homeowner’s insurance once the mortgage is paid off.
For more information, please read this