Group-Term Life Insurance

A common goal of life insurance—especially for younger workers—is to create what may be characterized as an “instant estate” for an insured who dies prematurely, before having had an opportunity to build an estate.

A retiree’s need for insurance does not conform to that proposition—if he has reached the normal retirement age of 65, his subsequent death cannot readily be viewed as premature or as coming before he has had an opportunity to build an estate...