Why Do I Need Life Insurance In Retirement? 
Some reasons that people purchase or keep their life insurance through retirement are : 1 -RRB- for supplemental retirement income ; 2 -RRB- for final expenses such as funeral , grave , and final bills ; 3 -RRB- to pass an inheritance to their heirs ; 4 -RRB- to pay estate taxes , and 5 -RRB- to care for a surviving spouse , grandchild , or handicapped adult child . 