02/14/2023
Do empty nesters and retirees need life insurance?
With both social security and private pensions, benefits may decrease or even stop, for a surviving spouse. But many ongoing expenses remain the same. Life insurance proceeds can help provide replacement income for the spouse, so a personal loss does not become a financial one as well.
Life insurance can help support your legacy, be part of planning strategy or help children/grandchildren accomplish important goals, such as getting a college education.
So yes, empty nesters and retirees do need life insurance!