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I left the rat race at age 49. I dropped all life insurance at that point. I dropped all but the firm-provided coverage several years earlier. When DW and I reached financial independence, there was no need to pay life insurance premiums any longer. I'm 55 now, still with no life insurance.

We dropped the non-work provided insurance on me when there was no longer need for day care for the kids. Once I stopped working at regular employment, I had no other insurance. At this point, my husband still has the life insurance provided free from work but we really have no need for it. If one of us goes, the other one has enough assets.

I think a lot of people forget that you insure events that you can't cover otherwise - and that goes both ways :)

rad
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