"The most obvious insurance retirees need to maintain is health insurance ... Seniors who have valuable jewelry, art or other items may need to add a rider to their policy to fully insure ...

Many people don’t fully understand the value and benefits life insurance can offer as part of a retirement plan ... including real estate, art or gold. Just because you aren’t working anymore ...

The lesson: If you need life insurance, get term insurance. If you want to invest for retirement, invest in IRAs, 401(k)s or similar retirement plans.

A life insurance retirement plan (LIRP) is a type of insurance policy that, though not a complete substitute for an IRA or a 401 (k), has a cash value component for retirement money. That cash value ...