Disability Insurance and Life Insurance
We have discussed before that in the non-traditional retirement types, the retirement saving is not needed to be as high as traditionally needed to be, this means we will be more reliant on our ability to earn income, or "human capital".
However, what if you had any unfortunate event in the alternative retirement phase, for example, either lose the ability to generate earnings temporarily or permanently?
This means it's very important for people pursuing the alternative retirement to have the protection of disability insurance (for temporary events) and life insurance (for permanent event)?
Are you fully protected when you purse your dream retirement?