A retirement plan is an important part of your financial planning for the dusking days of your life. A good retirement plan helps you live a financilally planned retired life. Today, it is difficult to beat the inflation costs and manage living with the handful of savings that you have. Therefore, you need to build a sufficient corpus over the years to counter the issues and fulfill your dreams during your old age. Retirement Plan gives a financial security and helps to maintain your lifestyle without compromising.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedgeagainst the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraisingand controlling risk, has evolved as a discrete field of study and practice.