Do You Need Life Insurance In Retirement?

<p style="margin: 0in; tab-stops: 54.4pt;"><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; color: #0e101a;"> We commonly get asked if life insurance is needed in retirement. With many advertisements and commercials emphasizing the importance of life insurance, this can be an understandably confusing topic. So, in today’s episode, we’re going to talk about the purpose of life insurance, explore the circumstances that warrant its need, and discuss what you can do with your policies if you find it unnecessary.</span></p> <p style="margin: 0in; tab-stops: 54.4pt;"> </p> <p class="MsoNoSpacing"><strong><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;"> Here's what we’ll discuss in this episode: </span></strong></p> <ul> <li class="BodyA"><span style= "font-size: 14.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> What is life insurance and its purpose? <strong>(3:19)</strong></span></li> <li class="BodyA"><span style= "font-size: 14.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> How do you know if you will need life insurance in retirement? <strong>(6:39)</strong></span></li> <li class="BodyA"><span style= "font-size: 14.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> Case 1: If you haven’t saved enough and one Social Security won’t be enough for the remaining spouse to maintain and thrive. <strong>(8:32)</strong></span></li> <li class="BodyA"><span style= "font-size: 14.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> Case 2: If you have a pension with no spousal benefits or reduced benefits. <strong>(12:05)</strong></span></li> <li class="BodyA"><span style= "font-size: 14.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> Case 3: You just want a death benefit for burial costs. <strong>(14:02)</strong></span></li> <li class="BodyA"><span style= "