Insurance planning
Retirement is the perfect time to revisit your insurance needs, partly because those needs have probably changed from even 10 years ago and partly because now is the time when insurance will possibly play a bigger role in your financial life.
By sitting down and assessing your insurance needs, you accomplish two things:
- You gain a clear picture of any glaring holes in your coverage as well as any overlaps that are costing you money.
- You can assess how much your policies cumulatively cost and have a basis for comparison shopping for similar coverage at lower rates.
