How Much Life Insurance Do I Need In Retirement? 
Usually when a Life Insurance policy is written . The agent will qualify the the buyer with what is called Human Value Life Approach which simply means the financial value of the policyholder . The value is judged on the financial needs of the family id the policyholder is no longer there to support the family after any unfortunate mishap as a result . Bills must be paid . Funeral expenses . Child support , or any other financial regard to support the beneficiaries of the policy . A future analysis is given as to the present financial situation compared to what will be needed upon distribution of the benefit . There is also the consideration to purchase high amounts of a tax free lump sum benefit in order to create an estate , and distribute wealth for generations to come . There are policies that have a retirement value other than traditional cash value policies . Some may call it modified endowment , but , other names are according to how the company names it . Paid up policies are very much a benefit to this question . Like a Trans-Security policy from Trans America . 