Why Do I Need Life Insurance In Retirement? 
In many cases the reasons you may need life insurance in retirement are the same as the reasons one needs life insurance at any earlier age ! Just because you have retired from your career does n't necessarily mean you 've stopped having responsibilities or stopped buying property or all your children or loved ones are fully taken care of . In addition to the above if you purchased whole life insurance well before retirement and have paid all the premium necessary , you may be able to take policy loans and partial surrenders to supplement your retirement income ! Of course if all you have is Term insurance this benefit does not apply . 