The longer you live after you retire, the more the higher cost of goods and services will effect you. Don't assume you'll retire at your normal retirement age. Odds are, you won't retire when you planned. Other workers are finding they want, or need financially, to work beyond normal retirement age, often in a part-time or less stressful job. Don't assume you won't need disability insurance.
People often focus on life insurance.
Yet according to the National Association of Insurance and Financial Advisors, Americans between the ages of 20 and 65 are more likely to become disabled than they are to die. It's difficult to qualify for federal or state disability assistance, and employer coverage is often limited, so consider privately purchased insurance. It replaces 60 percent to 80 percent of income lost because you are unable to work due to a disability. Don't assume you won't need long-term care insurance. The odds are, you won't end up in a nursing home or require extensive home health care.