Protecting Your Retirement Savings
Upon retirement, your income will primarily come from social security, and if fortunate, a pension or retirement fund. However, if the surviving spouse has been depending on you to contribute to the couple's retirement funds, the premature death of a provider can impact sources of retirement benefits, including Social Security.
Summary:
Life insurance can serve as a means to provide support to a surviving spouse during their retirement years.
Note: Actual policies must be consulted for specific terms and conditions.