Some questions about insurance & pension after retirement?

Question

Hi buddies:

I'm a little confused about some financial ads these days.

While some companies proclaim that they can help people get ready for the comfort retirement. Honestly speaking, I have no idea how their programs are operating, and seems like most of these guys are tryin' to get the fund for investment.

Do these programs have something to do with the insurance or simply kind of investment

By the way, I'll be very appreciate if some one could give me some information about insurance for retirement.

Thanks

Answer 1

insurance companies provide financial cover for you and your family in case of your retirement.you get additional benefit for you in addition to the pension from your company and enjoy luxuries of life instead of crying for little money

Answer 2

Well, your money will be used to cover insurance (life and health) and will be invested in money market, stock market, bond market or mixed.

The proportion of insurance and investment, will depend on you.

When you want big result when you retirement, then % in investment > % in insurance.

When you want to get a lot of facilities in your health insurance, then % in insurance > % in investment.

The insurance company will work together with third party - investment company - to maintain your investment.

The investment company will invest your money and act as your fund manager to max your return.

Year after year, your investment will be grow up (hopefully) and then when you are 55 years old, you can redeem your investment and enjoy your retirement.

So, got the idea?

Just be carefully to choose the insurance company.

I suggest to choose the international insurance and investment company to handle your insurance and your investment - the risk to default is low.

Good luck!