Is Life Insurance Needed In Retirement? 
Yes , indeed ! Here is how you can make sure : Answer this question : how can you have your cake and eat it too when you decide on your pension distribution ? If you take the highest monthly income , it will not pass on to your spouse if you predecease him/her . But if you distribute the pension over both your lifetimes , then the monthly amount will be lower . Why not take the highest income for your life only - and also buy life insurance to replace the lost income for your spouse ?! When you pass on , the pension money will be lost , but the life insurance benefit will be paid . This way you can both have all the money you need - right when you need it ! 