We are both in our 70's and don't have life ins. Our assets are specified as P.O.D. and would cover funeral expense and other misc. bills till estate is settled. I would save the $175/mo in an account to help with those items. I guess it all depends on your financial situation. I personally thing life ins. is a rip off after the kids are raised unless there is NO kind of income for surviving spouse. I'm sure an insurance salesman would give you an entirely different perspective!