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Author: otherwise6 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 17931  
Subject: Life Insurance?? Date: 2/23/2009 1:16 PM
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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
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