Insurance During Retirement

Being Protected

All your life you were a wage earner. You made sure that if anything happened to you, your family would be able to continue living their same lifestyle. But once you retire, it's still important to think about protecting your assets. Caisse populaire can help you ascertain whether you have the right type, and amount, of insurance for your family.

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.

Hopefully you already have a life insurance plan that you started before you retired. The earlier you start a plan, the lower your payments will be. If you wait until you're retired, your premiums will be considerably higher. If you wait until you develop health problems, they'll be even more so.

The cost of life insurance depends on what age you are when you begin the policy. It also depends on what your health and living habits are like. You can significantly lower the costs by starting a policy when you're young. Two other ways to save on insurance cost are by quitting smoking and by staying healthy. All insurance companies ask question about these things and it's not uncommon to require medical tests to verify your health.

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 Needs

Choose the policies right for you and your family, and don't get talked into getting more than you need. Caisse populaire de Clare can help you find good insurance coverage you can afford.