But, there is not a standard answer. Again this is an individual case by case discussion. Some reasons to have life insurance in our older years is to replace assets or income that could be lost when we lose a spouse. Are you looking to defer some of your taxable retirement dollars to tax free retirement dollars? Are you looking to leave a legacy of a tax free amount to your children, grandchildren or loved ones? Let’s discuss and assess if YOU need life insurance as part of your plan.