R
redacted
Guest
Maybe off-topic but I'm really curious why anyone that is retiring would want to spend money on life insurance.
I'm coming up to retirement and the days when my demise would have been a financial burden to my family are now past. House is paid off, kids are grown up and launched on their own careers and don't depend on me in any way. My pension pays to the surviving member of the couple so my wife is covered.
Obviously there may be circumstances that you don't wish to discuss on this forum but if it's nothing too personal I'd like to understand the logic behind your thinking.
On a related topic I'm starting to note the age clause in the most common TRAVEL insurance policies - many insurers have a 68 or 69Y age limit on this type of policy and as we're getting closer to this limit I'm starting to investigate. As opposed to life insurance I expect to need travel insurance for some years still.
I fully agree on the life insurance after retirement, except in special cases.
But I do not understand why you would opt to insure against losses you can afford. (If you can't afford a vacation, you should not be taking one.) Again, their might be a few exceptions such as knowing you are a much higher than normal risk or the once in a lifetime trip.