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I am preparing for retirement and downsizing. How does that affect my insurance?


This is the time of year we start looking ahead and planning for the future.  We make resolutions and set goals.

There are many items you need to evaluate as your prepare for retirement.  You need to review your auto and homeowner’s insurance to make sure you are taking advantage of all discounts and carry the proper coverage.

You need to review your life insurance, will, and Long Term Care needs.  For more detailed information on Downsizing and Preparing for Retirement

There you will find our report on Downsizing/Preparing for Retirement.  Call us to arrange for a review of your insurance.

Downsizing and/or Preparing for Retirement?

Are you starting to think about retirement?  Are you thinking about downsizing?  Spencer Insurance can help you.  We have a section on our website that addresses these times and provides valuable information and tips. Go to our Website and check it out!

Considering retirement and downsizing can have an impact on many things including your insurance coverage.  Consider the following:

  • Your job – Are you ready to retire?  When does Social Security begin?  Do I need to apply for Medicare?
  • Your home – Will I move?  Will someone move in with me?  Will I move in with my children?
  • Your Auto – Did you know PA allows for a 5% discount on your auto insurance if you are over 55 and take a driver’s safety course?  Check out AARP for a location near you.
  • Your Life Insurance – Is your will up to date?  Do you need to adjust your life insurance?  When was the last time you reviewed your life insurance?

Check out our Website and the “Valuable Links for Seniors.”  You will find this information handy.  Preparing for retirement should be an exciting time of your life.  Start planning now so your years in retirement will be very enjoyable for you and your family.

Share with us below any tips or comments you have for others planning their retirement.


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