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Like you my wife gets my pension and the assets. Dropped the the term life once I realized she will be fine without it. Plus I don't like insurance companies I think they are crooks.
They say life insurance is to take care of those (wife, children etc.) dependent on your income should you die unexpectedly.
Depending on some other estate planning issues. If you a large estate I have heard it be can use address tax issues.
You may want to talk with a financial planner or do a little research.
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