Thread: Life How much do you expect to inherit (or did you inherit)?
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Old 03-22-2012, 08:28 PM   #33
mlyonsd mlyonsd is offline
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Join Date: Aug 2000
Location: Spink, SD
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Quote:
Originally Posted by Rain Man View Post
That's a good point.

I don't have kids, so at some point when the house is paid off and maybe when I'm retired I'm thinking maybe I'll drop my life insurance down to cover funeral costs alone. As long as my wife is comfortable on what we've saved, is there any reason to have life insurance when I'm retired?
Basically no. When you start to reach 50-55-60 the premiums are so high your wife would be way better off if you invested that money elsewhere.
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