Insurance takes a big chunk out of this retired couples monthly income.  Health, car, home insurance not to mention life insurance.  I think it’s time to cut back and use the money to pay bills rather than augment with savings to pay so much insurance.  Tough questions need to be asked and answered.  Interest rates have made savings nothing more than a piggy bank gathering dust rather than interest.  When the income becomes fixed cutbacks are needed to keep increasing bills in proportion to one’s income.  Working on those insurance policies will help greatly with their hugh absorption of our income.  Its unbelievable that interest rates are so low.  Using our money in saving accounts for almost nothing seems criminal.