Author Topic: Pre-FIRE and life insurance  (Read 1482 times)

albireo13

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Pre-FIRE and life insurance
« on: January 07, 2016, 07:31:16 PM »
I was wondering what folks do for life insurance strategy as they approach retirement.
I am 60 now and would like to retire in a few years.  I currently have a group life ins , paid by employer, that covers my salary.  I also pay for optional 4x salary coverage.
My thought was to cover the outstanding mortgage and some extra if I pass. 
Now I am thinking that maybe I should cut back.
Is that excess coverage?
Premiums are going up as I age and I could be putting that away for retirement.

Rob

Merrie

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Re: Pre-FIRE and life insurance
« Reply #1 on: January 11, 2016, 01:02:43 PM »
Who would your life insurance go to? Tell us more about their situation(s).