#95 - Do I Still Need Life Insurance in Retirement?

READ THE TRANSCRIPT

Many women enter retirement assuming life insurance is no longer necessary, only to discover that the real issue is not coverage, but access to cash when it matters most.

In this episode, I walk through how the purpose of life insurance changes as you approach and enter retirement. I explain why the real question is not whether you should keep a policy, but what risks still exist in your plan. I share practical examples involving pensions, Social Security, mortgages, estate taxes, and the desire not to burden your children. I also outline how to evaluate existing policies and determine whether term or permanent coverage fits your situation.

EPISODE SUMMARY

How life insurance shifts from income replacement during working years to liquidity planning in retirement
Why retirement accounts and investment assets may create tax or timing challenges at death
The risks of losing pension or Social Security income for a surviving spouse
Why adding a child as a joint owner on accounts is rarely the right solution
How to determine the right type and amount of coverage based on risk, not product
And more!