Why You Do Not Need Life Insurance after You Retire
Life insurance is not always mandatory. Obtaining a life insurance policy significantly depends on your financial condition. The purpose of life insurance is to provide for needs when there is loss of income due to these factors . Life insurance helps protect your spouse and children from poverty in the case of your untimely death. However, once your children become independent enough and you and your spouse accumulate sufficient assets, the requirement of paying the premiums for life insurance becomes much lesser. There are some questions you need to ask yourself when considering whether or not life insurance.