Do I Need Life Insurance After I Retire

For most people, retirement is something they dream about for most of their working life. As time for retirement approaches, many questions arise, especially financial ones. As you consider adjustments to your expenditures,  you may be questioning the need for maintaining your life insurance after you retire. Before you make such an important decision, it is a good idea to talk to your insurance professional. At Western Republic Insurance Services in Huntington Beach, CA our staff has the expertise to help with these life-changing decisions. 

The reason for purchasing life insurance in the first place is to provide for your family in the event of your passing away. When you reach retirement age it may be that you don’t have anyone who needs you to provide for them any longer. If however, you have a spouse or partner you need to consider if your passing will affect them financially. If they lose any source of income at your death. If they will, then perhaps you need to consider keeping at least some of your life insurance. Have you taken care of your final expenses? Do you have any outstanding debt? These are questions whose answer will affect whether or not life insurance is something that you will want to retain after you have retired. No one wants to be insurance poor so discussing all your options with an insurance professional is always advisable. 

Your need for life insurance after you retire is a very personal decision and every case is different. Talking to one of the team members at Western Republic Insurance Services in Huntington Beach, CA can help you to come up with the right decision for you and your loved ones. Why not stop by the office or give them a call, they will sit down with you and look at all the important considerations involved.