RETIREMENT IS WHEN everything changes. Seniors may end up with new schedules, new hobbies and even new homes. In the midst of all these exciting changes, don’t overlook the mundane: your insurance coverage.

With a new season of life at hand, old policies may no longer meet your needs. However, seniors should be cautious about canceling their policies.

You need to consider your future insurability as well as your individual circumstances and life goals.

“There is no one answer that fits all,” says Onofrio Cirianni, a consultant with EisnerAmper Wealth Management and Corporate Benefits, LLC and who is affiliated with Guardian Life and Park Avenue Securities.

These guidelines can help determine which policies are essential and which could be a waste of money.

Here’s how to decide which policies you need and what you can skip after age 65.

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