Life Insurance at Retirement

The need for life insurance tends to decline with age and this is because of the reasons for buying it to begin with. Income for dependents or college for your children can either be non-existent or can be needed for less years. Also, there can be other assets from investments and savings tend to increase. So after retirement, the need for this insurance can be small or maybe non existent for many people.
Those with large estates or those who have business needs for life insurance would be the exceptions. After your death, you could still have dependents that need income for financial resources. Furthermore, there could be that need of money to pay for those final expenses by the survivors.  This can include car loans, funeral expenses, home mortgages along with any other bills that need to be taken care of. These are all circumstances that will many times require special needs for life insurance. These topics should be analyzed for your particular needs.
Everyone has different circumstances and so the advice of an experienced agent is always a good idea.  Make a list of your questions and meet with him so you can get them all answered. This will give you peace of mind and knowing that you have all your bases covered.