<prompt> Human: EDIT: INFO: My parents are in their late 60s. My father is retired, receives a small pension. My mother is disabled and cannot work, and receives nothing from past work. She may be receiving SS, but Im not sure.  <response>: Unless theres something that youre still leaving out after the edit, I dont see why theyd need life insurance.Ifwhen Dad dies first, his pension should continue to get paid to Mom; youll want to check and double check this to be sure. If Mom dies first, she wasnt bringing in significant income, and would likely decrease costs significantly because of her disability.StarryC nailed it pretty well Help them figure out how to save that 40month in a small emergency fundrainy day fund. They dont need to spend 3000 a year on something theres no apparent need for. 