Purchasing a life insurance policy is one of the most important financial decisions you can make while in the middle of your professional career. Life insurance at this time is so critical because people typically have a young family to look after or more substantial debts to take cover. But what about the need for life insurance after retirement?
After your years of hard work in your career, it can seem reasonable to stop paying for life insurance coverage. To many, life insurance is a financial tool required only during your working years. But how true can this be? There are several sound reasons why retired people can benefit from hanging on to their policy for a while longer. Don't fall into the trap of thinking there is no need for insurance during retirement. You've got plenty to protect still. (more…)