Insurance for retirees
Public medical care, long-term care, permanent life, annuities, and fraud risk.
Retirees have public health, high-cost benefit, pension, and long-term-care cover; the priorities are a cash reserve and care plan, home/contents/liability cover, limited permanent life only for a defined need, and scrutiny of annuity and foreign-currency sales.
Benefits may vary by: insurer · employment status · municipality · household
Get professional or administrator help: Consult family and an independent adviser before buying annuity or foreign-currency products in later life.
Review due: 2026-10-30
Key points
- Long-term care, food, and housing costs are not fully covered publicly.
- Permanent life only for a defined need such as estate liquidity.
- Scrutinize annuity and foreign-currency products for fees and risk.
- Watch for high-pressure and fraudulent sales.
Plan care and liquidity, not products
Build a cash reserve, plan for care and home adaptation, keep home/contents/liability cover, and use permanent life only for a specific inheritance or funeral need. Compare any annuity or foreign-currency proposal against deposits and public benefits first.
Who this is for
- Residents mapping protection before shopping for private insurance
What this is not
- A quote, policy ranking, or individualized recommendation
- Eligibility, contributions, waiting periods, exclusions, and benefit amounts can vary. Confirm your case with the administering insurer or authority before acting.