Five Options for Retirees Who No Longer Need Life Insurance

A young woman hugs her mother from behind while they look at a laptop on the dining room table.

I wrote an article in February titled If You’re Retired, Do You Still Need Life Insurance? I was quickly inundated with hate mail from life insurance agents, but the feedback from everyone who isn’t paid a commission to sell life insurance was pretty positive.

The reality is that life insurance is meant to cover working capital, which is the present value of all future earnings, as well as liabilities. Both shrink over time.