There is one more situation in which you don’t need a cover – when you are financially free. When are you financially free? When you don’t need to go to work to pay your bills, EMI, fees and other living costs. Your investments are large enough to look after all your expenses – current and future. Most people reach this milestone around the age of sixty, when they retire. Retirement either comes with a pension or a lump sum that is invested to harvest an income.
