If you’re looking to get insurance coverage by yourself as well as your spouse or partner, then consider purchasing one joint policy, rather than two individual policies. The premium is usually about 15% less to get a joint life policy than 2 single life insurance policies of the same coverage amount.
As you age, the idea of life insurance seems increasingly unnecessary. Many retirees prefer not to continue paying life insurance premiums when they no longer have young families to take care of. However, before you shrug off the idea of life insurance in retirement, it's a good idea to consider that life insurance still has its virtues.