How Life Insurance Needs Can Change After Retirement
Retirement marks a significant transition in financial life. Income sources shift, daily expenses often change, and long-term priorities become more focused on stability and clarity. For many Canadians, this stage also prompts a reassessment of financial tools that were put in place earlier in life, including life insurance. Life insurance decisions made during working years are not always intended to remain unchanged after retirement. As circumstances evolve, coverage that once felt essential may need to be reviewed, adjusted, or reconsidered.