Is Life Insurance Needed In Retirement? 
Whether life insurance is needed in retirement depends on the person . I just spoke with an 80 year old woman this weekend who decided to cash in her final expense life insurance policy because she discovered that a small annuity -LRB- from which she does not need the income -RRB- will pay a similar death benefit . Most life insurance agents will talk to retirees for free , and can help you determine whether life insurance can save on your taxes , help make your passing less traumatic , enable family members to carry on your business , etc. . Or they can help you decide whether life insurance is no longer needed in your situation . Either way , you can make well informed choices about your money and not have to worry if you are doing the right thing . 