My wife passed away about 2 years ago. I decided to cancel all my life insurance that I had on myself. The life insurance was for her benefit if I passed before she did. Now that I am alone and do not have any marriage plans for the future I began to wonder if I should get life insurance on myself. I am 60 years old and have a house worth about $145K with an $84K mortgage. I have about $75K in an investment for retirement and $10K in a savings account. My income is about $70K annually. I have 2 vehicles that are paid off. I have also paid for most of my funeral expenses. I don’t think I need any life insurance. When I die there will be money left over in my modest estate for my 2 kids to divide. Since I am by no means an insurance expert, I am wondering if I am missing anything that needs to be covered by life insurance.Thanks for your advice.Otherwise6
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst