Skip to Content
Family with two children in a bright kitchen indicating a time to learn about why getting life insurance is important.
Why get life insurance

Is life insurance important for empty nesters?

You work hard for the nice things in your life and you should work hard to be sure they are protected. There are many different types of insurance that are effectively designed to protect your assets.

Just because you're an empty nester doesn't necessarily mean that you no longer need the protection of a life insurance policy. In fact, there are several reasons why life insurance is important after the kids have left home. Here are five:

1. To provide bequests to heirs and charities
Do you want to leave money to specific heirs and/or your favorite charity? The proceeds from a life insurance policy can ensure that some, or all, of the benefits from your policy go directly to the people and organizations that you want. Without a life insurance policy, the executor of your estate may have to liquidate your assets in order to grant your wishes after you are gone.

2. To offset lost income if your spouse dies after Social Security benefits have begun
The proceeds from a life insurance policy can help offset the benefit lost after the first spouse dies.

3. To meet financial commitments based on two incomes
Most couples make joint financial commitments based on their combined income (think mortgage, vehicle loans, credit cards, etc.). A life insurance policy on both lives can provide the surviving spouse with enough money to meet all those financial commitments that you made together.

4. To supplement “lost” retirement savings
Are both you and your spouse working hard to save for retirement? Unfortunately, a spouse that dies early in life could mean that the surviving spouse must now take on the burden of making up for the reduction in retirement savings. Life insurance can help offset this loss.

5. For dependent support
If you have a disabled adult child or elderly parents who depend on you for financial support, life insurance can make sure that your dependents have support to cover their expenses if you should die before they do.

These are just a few reasons why having life insurance is important even after kids have flown the nest. Are you still wondering, “Is life insurance important?” Visit the Protective Learning Center for more information on life insurance and retirement.



Arrows linking indicating relationship

Related Articles

Dad and mom lie on floor smiling at their baby

Adding additional life insurance coverage as needs change

Learn more
Woman shaking hands with a financial advisor to put her life insurance policy into place.

The importance of assessing your life insurance needs

Learn more
Senior man with fishing rod sits in between his son and young grandson on dock overlooking lake

Heart-to-heart conversation about life insurance

Learn more

All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. For information about Protective Life and its products and services, visit

Companies and organizations linked from Learning Center articles have no affiliation with Protective Life or its subsidiaries.