Life Insurance Late in Life?
After using the online SS calculator, I put the results in ESP. We changed from my spouse taking SS at 66 and me taking at 70 to both taking at 70 with my wife taking spousal at 67. We plan to retire in 2015 and I am 7 years older than my wife. The result added ~$500/year in available consumption however it added ~15 years of recommended life insurance for me from age 72 to age 87. I plan to live to 90. What could be driving the progtram to recommend this?