Does a 65-Year-Old Need Life Insurance?

Shawn Plummer

CEO, The Annuity Expert

Understanding the Need for Life Insurance at 65

1. When a 65-Year-Old Needs Life Insurance:

  • Surviving Spouse: A 65-year-old needs life insurance if they have a surviving spouse. This ensures financial support for the spouse in case of the policyholder’s death.
  • Example: John, 65, purchases life insurance to provide for his wife Mary’s expenses after he’s gone.

2. When Life Insurance May Not Be Necessary:

  • Single or Widowed Without Dependents: A 65-year-old who is single or widowed with no dependents might not need life insurance. The primary purpose of life insurance – to support dependents – isn’t applicable.
  • Example: Linda, 65, a widow without children, chooses not to buy life insurance as she has no dependents.

3. Other Considerations:

  • Debts and Liabilities: If the individual has significant debts, life insurance can help cover these after death.
  • Final Expenses: Life insurance can cover funeral costs and other final expenses, easing the financial burden on the family.

Comparison of Life Insurance Needs

Age GroupLife Insurance NeedReason
65 with SpouseHighFinancial support for the spouse
65 Single/WidowedLowNo dependents to support


Deciding on life insurance at 65 depends largely on individual circumstances. For those with a surviving spouse, it’s often a wise choice to ensure their financial stability. For singles or those without dependents, it might not be necessary. Understanding these factors helps in making an informed decision about life insurance.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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