When I see advice like this my 'Spidey sense' starts to tingle and I worry the other advisor might be motivated to sell a product rather than give you good advice. If you have a need for life insurance during retirement, this . . . .
Read MoreBased on the information you provided, it appears a term policy is most likely the right policy for you. The extra money would probably be better used to build an emergency fund and then invest for . . . .
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