Does A Retired Person Need Life Insurance? 
Absolutely , if the individual owns a large estate that is subject to estate taxes ; desires to leave a financial legacy to heirs , etc. . In fact , permanent life insurance should be paid up by retirement and is an asset with multifaceted uses . It can be used to cover critical illness expenses , retirement income and so much more while an individual is still alive . These options make life insurance a smart buy at all life stages ! 