Retirement plans provide coverage and income for your life after work. Retirement is a time when you can relax, and make it the best years of your life with your loved ones. A good retirement plan will ensure you with a peace of mind as you enjoy your golden years.
Why is retirement planning important?
Once one retires, recurring expenses like food, transportation and healthcare will still need to be taken care of. It is never too early to start thinking about your retirement plans. With longer life expectancies, rising medical bills and higher cost of treatment at an older age, your savings need to be stretched.
When is the most suitable age for me to purchase retirement insurance?
The best time to purchase a retirement insurance is when the insurance holder is certain that he/she is able to generate a steady flow of income which will allow him/her to pay the premiums regularly. This will then allow them to be financially stable and ensure a smooth sailing life after retirement.
*Disclaimer: PolicyPal does not, at any time, underwrite, originate, or issue insurance policies and/or insurance contracts. The underwriting, origination, and issuance of the insurance policies and/or insurance contracts are the sole provision and responsibility of the respective insurance company that a User may contract with through the PolicyPal app. Thus, any policies, liabilities, coverage, or responsibilities relating to an insurance policy purchased through PolicyPal (directly or indirectly) remain the sole province of the insurance company that provided that policy/contract. Furthermore, any claims or disputes in relation to policy/contract claims should be addressed to the underwriting, originating, or issuing insurance company as specified in that policy/contract. PolicyPal is unable to mediate, assist, convey, or dispute any claims or other issues related to the liability, coverage, or scope of any insurance product.
Please also note that PolicyPal will not be liable for any mistake, error, or omission that may occur during the electronic processing of the policies/contracts on the platform. PolicyPal will use its best efforts to ensure that any mistake, error, or omission is corrected when discovered. Users should inform PolicyPal in the event of their discovery of any mistake, error, omission, and/or update in the policies/contracts or their user details.