Retirement is a new chapter in your life that comes with all kinds of opportunities. This is your time to do whatever you want! Travel the world, make new friends, start new hobbies. The possibilities are endless. Major life changes can mean changes in your insurance risks as well. Reviewing your coverage ensures you don’t pay for insurance you don’t need, and don’t end up in situations where you aren’t covered.
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- If you choose to move, or spend significant amounts of time away from your home because of travel, there are different coverages and policies that ensure you and your home are properly covered.
- As you start to give things away, or sell your things, it is important to review your policy so that you are not paying for coverage on belongings your no longer own.
- Travelling is a great way to spend your new free time. Getting a rental car can be pricey, but with the right coverage on your policy you could decline the rental company’s expensive insurance, AND be covered if you get charged for “downtime.”
Health Benefits Plan
- If your life insurance and benefits were connected to your job, they end when you retire. You may need coverage for prescriptions, physiotherapy… etc.
- Do you have a plan for final expenses after you pass? Funeral expenses, lawyer fees, and other costs can be a burden on loved ones. Having life insurance in place can cover final expenses so that your loved ones don’t have to.