Need insight on continuing insurance in retirement

[omni550]

I need some input from the meembers of ththis board as I'm not well-versed in insurance.

I recently took a voluntary early retirement package from mega-corp and am now FIRE'd (yay!). I get company-paid medical coverage until age 65. (However, any increases in premiums and co-pays from January 2007 levels will be borne by me)

I just received an application from the mega-corp's insurance company stating that I could contiue in their Accident Insurance Plan as a retiree.

I would be limited to a max. coverage of $250K (while employed I was insured to $1M) for an annual premium of $2.90/10K (= $72.50/yr).

The benefits cover accidental death and dimemberment, common disaster, coma, repatriation, etc.

I'm single, in my mid-50's, no dependents.

Does it make sense for me to maintain this insurance?

My gut instinct is no, but I want to be sure I'm not overlooking something important.

omni