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As people enter the senior stages of life and there is enough finances to cover most of their expenses, and the kids have gotten their share of all your acquired assets couples seldom have a need for additional coverage but there is a hitch in that area of insurance coverage. Due to severe economic conditions these past few years, the retiring class is expected to not have ample coverage for retirement and they are still expected to shell out a lot of cash for medical and other expenses which have also experienced sudden price hikes. Pensioners are finding out the hard way that the policies they took out that seemed to be more than enough when they signed the policy are not enough for today’s cost of living. Coverage in life insurance can be extended for a decade or so to allow ample savings for a sudden tragic event or death of the husband or wife leaving ample financial security for the one left behind.