This is a broad inquiry. Retirement, in and of itself, has no direct correlation to a retirement plan, unless it’s in the retirement plan like 412i, 419 DBO or in 401k plans with contribution limitations. If the life insurance is a term or permanent insurance policy and the financial liabilities or economic exposure has ceased, then the coverage may be deemed useless and summarily surrendered. If the life insurance policy is a term or permanent policy and necessary to indemnify against economic loss for the beneficiaries then coverage should continue.
If the life insurance is a permanent cash value designed for supplemental income, you may want to take income from it first and defer the distributions of your qualified retirement account until 70 1/2 .
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
what happens to my life insurance when I retire? If the life insurance is provided by your employer it will depend on what they offer. It might end immediately, it might carry on into retirement or you might be offered to carve out an individual policy from the group plan. There isn't a single answer as plans are different. If you "own" the policy what happens to your life insurance is what ever you want to have happen to it.
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If the life insurance is a permanent cash value designed for supplemental income, you may want to take income from it first and defer the distributions of your qualified retirement account until 70 1/2 .