Insurance During Retirement
Being Protected
All your life you were a wage earner and you made sure that if anything happened to you, your family would be able to continue living the same lifestyle that they were used to. But once you retire, it's still important to think about protecting your assets. Summerland Financial Services can help you ascertain whether or not you have the right type and amount of insurance to let you and your family rest easy.
Life Insurance
A good life insurance policy will cover many of the expenses and concerns that will arise when you die. It will protect your assets for your heirs and continue any income for the people who depend on it. It will also cover funeral costs, legal and executor fees, as well as pay any taxes you owe at death.
Health Insurance
Just as with life insurance, you'll benefit greatly from obtaining a health insurance policy early. This type of coverage can be a great help if you become sick and need special medical care. A good policy can help cover the costs of prescription medications or any medical supplies you need. It will also cover extended hospital stays and any special home care that you may require.
Know Your Retirement Needs
A solid retirement strategy is an integral and essential part of an overall financial plan. There are many additional factors in consider including pension maximization and estate planning, which is why it's important to get professional advice from your trusted financial advisor.
