We use it to safeguard our assets and our family's income. While working, we usually carry policies for life, disability, medical, home, and car. So it might be Foolish to see what we can expect. We'll still drive and we'll still live somewhere after we retire, so automobile and home insurance policies are a given. We pay the premiums now, and we must continue paying them after we retire.
Life insurance is a different matter.
At retirement, life insurance needs are usually far less important than they were while we were working full-time. At this stage of life, the kids are grown and gone. Now the only person to worry about is a spouse. A spouse certainly should enjoy the same standard of living after we're gone as when we're alive. For Fools, probably not.