If your life follows the pattern of college-marriage-kids-retirement, your need for life insurance will

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Quizplus · Accepted Answer

As you move through the stages of college, marriage, and kids, your need for life insurance will increase, as you have more financial obligations and dependents. However, as you enter retirement, your need for life insurance may decline, as your dependents become financially independent and your savings and investments have grown. Therefore, the need for life insurance will rise, peak, and then decline.

If Your Life Follows the Pattern of College-Marriage-Kids-Retirement, Your Need