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
