Retirement insurance in Albany, NY may be a confusing term to many people, and this may be because it’s not discussed very often. Find out more about what you need to know from NY Twin Bridges Insurance Agency before you make any more assumptions about it. 

Retirement Insurance Doesn’t Stand Alone (Normally)

Unlike health or auto insurance that stand on their own, retirement insurance is normally a part of an insurance package that is presented to an employee long before they ever get ready to leave their position.

Retirement Insurance Is Not Life Insurance 

This special form of insurance is designed to keep up with how you like to live your life, so you’re not dependent on social security as your sole source of support. As inflation continues to impact our market, retirees need to be ready to cover a number of daily living needs. 

Divorce Does Not Necessarily Affect Retirement Insurance 

If your spouse is on your retirement insurance but you get divorced, they may still be considered a part of your policy. Generally speaking, if your marriage spanned over several decades but ended close to the age of retirement, the terms of your policy are the same as if you had stayed married. 

Each Case Is Different 

Just like with other major forms of insurance, your case is dependent on your specific circumstances. This may include the length of your career, your total wealth, your retirement age, and your current lifestyle. 

Who You Work with Matters 

Talk to NY Twin Bridges Insurance Agency to find out more about how retirement insurance works. Our staff understands it all and is ready to help you understand it too. Give us a call today if you live in Albany, NY and are looking for some answers.