Situation : Married couple with no plan of having kids, ever. What sort of insurance planning (compared to the typical adult profile) is recommended for retirement and old age healthcare needs?

If its me, i will just do medical insurance (cPF medisave medishield plans), critical illness.

simple term plan for each other, so that if 1 dies, the other spouse has some lump sum.

thats it, no other plans.

the rest of the money i will invest in etf or stocks for retirement.

Hi there,

below are some considerations:

1. retirement product

because there is no dependents to give you a income, this may form a cash avenue for 1) a lump sum payout or 2) monthly cashback annuity , which can acts as a supplement to CPF life annuity for a more desired retirement lifestyle. There are plans which offers earlier retirement than age 62 if you are able to plan early
2. critical illness

This is to cover living expenses which will still be required should one be dia with a critical illness which may be so bad that he or she may be forced to stop work for a year or so due to the sickness

3. health insurance

There should be some form of basic healthcare insurance as medical cost are rising. it serves as a protection for hospitalisation needs

4. Insurance for long term support or care needs

some insurance companies offer this insurance for long term support and care needs for certain specified old age illness

Hope this helps. Reach out for more info here​​​