The decision whether a retiree should continue with his or her life insurance is contextual. John Olsen, co-author of "The Annuity Advisor" and principal of Olsen Financial Group in Kirkwood sums it up accurately when he says “I'm afraid that the only meaningful answer is: 'It depends’”
The way forward is to reassess one’s goals and objectives.
There are certain scenarios where continuing with your life insurance is advisable. Mortgage payment, large debts, open home equity line of credit with a large balance- these are just a few instances. To know more about life insurance and retirement read on.
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