Do Retirees Still Need Life Insurance After 65?
A financial planning expert weighs in on whether life insurance remains relevant for retirees rethinking their coverage needs.
A new article from HelloNation features Katy Ridge, a retirement planning expert at Cornerstone Insurance in Greenville, Texas, addressing one of the more common questions among Americans approaching or entering retirement: whether life insurance still makes sense after age 65.
For many retirees, the financial obligations that originally motivated a life insurance purchase — dependent children, a mortgage, or a working spouse relying on a second income — have either diminished or disappeared entirely. That shift naturally prompts a reassessment of whether ongoing premium payments represent sound financial planning or an unnecessary expense.
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Ridge, based in Greenville, Texas, offers practical guidance for retirees navigating that decision, helping individuals weigh factors such as estate planning goals, end-of-life expense coverage, and legacy considerations that can keep life insurance relevant well into retirement years.
Financial planners generally note that while term policies often expire before or during retirement, permanent life insurance products can serve specific purposes for certain retirees, particularly those focused on wealth transfer or covering potential estate taxes — though individual circumstances vary widely.
The HelloNation feature underscores a broader trend of retirees re-examining their insurance portfolios as part of a larger financial overhaul in the years following their exit from the workforce. Continue reading at All Financial Services & Investing.
