What Happens To Life Insurance When You Retire? 
For individual life insurance policies , a person would just continue to pay their premiums if they wanted their coverage to continue . For group life situations , the coverage usually ends at retirement or is offered as individual coverage at a very high rate since it is not medically underwritten , it is priced as if this is the only policy a person could find . If you are retiring and need insurance , it pays to look elsewhere . 