How much do you expect to inherit (or did you inherit)?

[Stewie]

Originally Posted by Rain Man

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?

Yeah, life insurance is normally to help a surviving spouse with children to support. Once those obligations are done life insurance is a waste unless it's a company insurance policy or something similar.

If you have a $500K policy on your head with no reason for it, you're a target.