Do I need life insurance after I retire

Life insurance protects your loved ones if you are no longer with them. It lets them know how much you love them. When you get to the point in your life when retirement is on the horizon, you may be taking a close look at your finances and how things are going to change. Life insurance may seem like an expense that is no longer as important as when you were young. If you live in the area near Braselton, GA, Harmony Insurance has a team of experienced agents who can help provide you with the information you need to make an informed decision. 

Chances are when you leave your employment, you will lose the life insurance your employer-provided. You may be allowed to continue to keep the provided coverage at your own cost. How much life insurance you need to have after you retire is a question only you can answer. In order to know if you need life insurance after you retire, you need to take a good look at your financial situation and which still counts on you to provide support. 

It would be best if you asked yourself these questions:

  • Do I still have debt? 
  • Does someone depend on my income to survive? 
  • Have I taken care of my final expenses?
  • Do I want to leave a legacy?
  • Do I have enough savings to protect my loved ones? 

Now take a look at what you have for life insurance. If your children are all grown and gone, you may not need the amount of life insurance you needed when they were young and at home. Finances are essential, and you need to feel financially secure. Life insurance can be a benefit throughout your entire life. To discuss this issue in-depth, give us a call at Harmony Insurance in Braselton, GA to make an appointment.