Health

Life insurance in retirement: do you still need it, and how much?

For most people, the need for life insurance changes significantly at retirement. The question isn't just whether to keep it — it's whether you're paying for coverage you no longer need.

Life Insurance in Retirement

Do You Still Need Life Insurance in Retirement?

Life insurance is designed to replace income and protect dependents. Once you've retired, your kids are grown, and your spouse has their own income sources — the case for coverage changes. Here's how to think through whether you still need it.

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Life Insurance in Retirement

Life Insurance as an Estate Planning Tool

For some retirees, life insurance isn't about income replacement — it's about leaving a tax-efficient inheritance or covering estate taxes. Here's when keeping or buying a policy makes sense purely for legacy reasons.

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Life Insurance in Retirement resources

Tools relevant to this topic.

Retirement Readiness ChecklistIncludes a life insurance review section for pre-retirement planning.Free download
Life Insurance Needs CalculatorEstimate how much coverage — if any — you still need in retirement.Coming soon
Coverage Review WorksheetStep-by-step guide to auditing your existing policies before you retire.Coming soon

Official government resources

Straight from the source.

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