. After years of active, busy and disciplined working life style, what a person wants is a life of comfort and peace. A comprehensive retirement insurance planning insurance policy takes complete care of your financial needs during the post-retirement phase of life.
Benefits
Retirement insurance planning insurance comes with a number of benefits. You get ample income during your post-retirement years and thus you dont have to depend on anyone for your requirements. The contrary, you can still provide financial back up to your kids and their families.
Some of the benefits of retirement insurance policy are as follows;
1.Tax benefits galore
Investing in retirement policy is the best way to avail of tax benefits. According to government law in most of the countries, premiums paid for life insurance policies are exempted from tax deduction.
2.Protection to family
The main purpose of having a life insurance policy is to provide protection to your near and dear ones in case something happens to you. A comprehensive retirement planning insurance policy ensures that your spouses and children do not have to face economic constraints even during your absence.
3.Ample retirement income
Retirement insurance policy boosts your retirement income and thus gives you to live a life of luxury and comfort even when you are not earning.
4.Most reliable
Investing in retirement insurance policy is the most trusted and reliable form of investment. It is hundred times better than falling prey to other market-driven investment plans. While value of money invested in share market may rise and fall depending upon the market trends, money invested in life insurance provides you stability as it always comes back to you without any loss.
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