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Super Contributor
casuallady
Posts: 478
Registered: ‎03-09-2010

Life Insurance after 73?

‎08-21-2013 04:27 PM

Hubby retired early with a pension and social security and was advised to take out a life insurance policy for me. This was fine, since I had worked and had a 401K, then the market tanked, and now hubby is 73. We were advised that his life insurance would go up a large amount. We have a nice home and land, however if he passes first ( I am 5 yrs younger), I will be forced to sell immediately. I would probably do that anyway, since it would be difficult for me to manage. Has anyone else experienced this? He is in excellent health.

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