When it comes to an early retirement, we have to realize that we have to view the need and type of insurance differently. Before, we would have to insure against a break in our income due to job loss, illness or death. We had to make sure that no matter what happened to us, our dependents would not have to make too big a change and sacrifice in their lifestyles.

However, after stepping into early retirement, we no longer have to worry about the break in income due to job loss or illness as we are no longer dependent on physically doing something in order to earn money. Our money would by then be "earned" via our streams of incomes such as portfolio income, rental income, annuities and other investments.

With that in mind, the insurance that I feel are necessary after retirement are death, hospitalization and probably some critical ......