Do you need life insurance after 60 years?

[IndiaInsurance]

Insurance, as most of us know, is meant to replace one's income and offer financial security to dependants in case of the breadwinner's untimely demise. This is why most policies offer insurance cover up to 60-65 years, the age by which one normally stops earning. The rationale for this upper limit is that if the person does not earn, why would he need insurance?

More... (http://economictimes.indiatimes.com/personal-finance/insurance/analysis/do-you-need-life-insurance-after-60-years/articleshow/9075662.cms)