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The Wall Street Journal: Should you keep paying for life insurance after retirement?

Conventional wisdom suggests you don’t need life insurance during retirement. By this point, the children are likely grown and financially self-sufficient and you’ve amassed a sizable enough nest egg to make life insurance superfluous.

Or so the thinking goes. But before you dump your policy, it pays to take stock of your financial situation and carefully consider your long-term goals. Only then will you know if you’ve got enough insurance, or too little or too much.

“Sometimes life insurance makes a ton of sense to keep and sometimes it makes no sense,” says Bob Gavlak, a certified financial planner and wealth adviser with Strategic Wealth Partners Ltd.

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