johnrlawjr
Dryer sheet aficionado
I am currently 64 years old retired and divorced with three adult children. I have a comfortable pension and monthly expenses are thankfully not an issue for me at this time. The organization from which I retired was carrying $50,000 term life insurance for all its retirees. Last week I was informed that the amount will be reduced to $25,000 and that I can pay $25.00 a month to maintain the $50,000 amount. My initial reaction was to decline the coverage, but now I am having second thoughts -- mostly concerning the money that would go to my kids who are all struggling to make it in this increasingly difficult economy for young people. Any thoughts or suggestions would be greatly appreciated. Thanks in advance.