Life Insurance Need Analysis Stage IV Post Retirement

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Updated: 23/01/2008 | 06:23 PM IST

Personal finance

Life Insurance Need Analysis- Stage IV- Post-Retirement

Getmeinsure

Wednesday, January 23, 2008 (Mumbai)

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Life Stage Analysis

You are 60 years or above.

Already retired from employment.

Might have taken some assignment as consultant.

Planning to pursue your long cherished hobbies.

Your children are financially independent and married.

Reduced monthly income.

Might have small or no Loan outstanding liabilities.

Your Financial Needs Analysis

Need regular income to maintain current life style.
Need to protect your investments from market risk.
You need to save for your spouse.
Require enough cash balance for any emergency medical expenditure for both of you.

Insurance Solution

In this stage of Life you do not have a steady Income from Employment and you have to manage from your savings and Investments you have done in the past. Your also have a very low risk appetite for Investment risk. You need protection for your Investment in case you live long and protection for your spouse in case of an unfortunate event.

You can choose .....

Single Premium Immediate Annuities
Long-Term Care Products
Retirement Plans which Protects Capital and gives steady Income.

The best time to start Retirement Planning is when you start earning, so by the time you reach retirement you have enough accumulated wealth to live a Secure, Independent and comfortable Life Style.