Author Topic: Retirement and insurance  (Read 14868 times)

Offline The Colonel

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Retirement and insurance
« on: March 22, 2017, 11:44:18 PM »
Has anyone looked into or given any thought to any insurance cover they may need when retirement looms and us risk assessors and consultants want to feel secure. Currently public liability and professional indemnity insurances are taken out by most of us just in case, what happens when we want to retire, do we need any insurance cover or do you stop paying when we finish.

Any thoughts or info around.

Offline Mike Buckley

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Re: Retirement and insurance
« Reply #1 on: March 23, 2017, 01:01:13 PM »
Suggest you look at the topic "Run off Insurance" in this heading.
The presence of those seeking the truth is infinitely to be preferred to those who think they've found it.

Offline colin todd

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Re: Retirement and insurance
« Reply #2 on: March 25, 2017, 11:34:00 PM »
Corporal, please say you are not retiring.
Colin Todd, C S Todd & Associates

Offline The Colonel

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Re: Retirement and insurance
« Reply #3 on: March 27, 2017, 04:41:21 PM »
Mike, Thanks should have looked before posting, thanks.

Colin, you have got to prepare for such things even you can't go on for ever or can you!!!!

Offline colin todd

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Re: Retirement and insurance
« Reply #4 on: March 28, 2017, 07:48:55 PM »
Corporal, when my divorce (to the former Mrs Todd), was completed the solicitors wrote to me asking if I wanted them to do my will.  I tell you, Corporal, what I told them, namely thank you for your interest in my impending death, but, as I intend to live forever, I shall not be requiring your services.
Colin Todd, C S Todd & Associates

Offline nearlythere

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Re: Retirement and insurance
« Reply #5 on: March 31, 2017, 06:18:41 PM »
I did a little research on this Colonel and as the immortal Dot said you need to look at run off insurance. From what I gather you should protect yourself for 6 years after you retire. I also gather the annual premiums would start at around that what you are paying reducing as you go through your run down period.

Some people I've talked to about this have said they are just going to stop paying insurance as soon ask they stop working. Not wise I would think. Someone else thought his insurance would cover for the work undertaken within that insurance period year. Once you stop paying general insurance your general insurance stops paying for what you have done.

We're not Brazil we're Northern Ireland.

Offline colin todd

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Re: Retirement and insurance
« Reply #6 on: March 31, 2017, 11:28:31 PM »
Oh no, are you going as well Almost?
Colin Todd, C S Todd & Associates

Offline nearlythere

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Re: Retirement and insurance
« Reply #7 on: April 28, 2017, 06:07:49 AM »
Oh no, are you going as well Almost?

I have a run down plan Dot. Time to get the bucket list out.
We're not Brazil we're Northern Ireland.

Offline colin todd

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Re: Retirement and insurance
« Reply #8 on: April 28, 2017, 06:05:11 PM »
Is a farewell drink with me in Benedicts on the list, Almost.
Colin Todd, C S Todd & Associates

Offline nearlythere

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Re: Retirement and insurance
« Reply #9 on: October 25, 2017, 08:42:30 AM »
Is a farewell drink with me in Benedicts on the list, Almost.
I couldn't afford to ply you with drink Dot.
We're not Brazil we're Northern Ireland.

Offline colin todd

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Re: Retirement and insurance
« Reply #10 on: October 25, 2017, 08:14:16 PM »
You are so mean.
Colin Todd, C S Todd & Associates

Offline nearlythere

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Re: Retirement and insurance
« Reply #11 on: October 25, 2017, 08:52:15 PM »
You are so mean.
Perhaps if you were more Presbyterian it would be cheaper.
We're not Brazil we're Northern Ireland.

Offline colin todd

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Re: Retirement and insurance
« Reply #12 on: October 25, 2017, 11:00:18 PM »
I didn't get that.  Must be too obscure for me.
Colin Todd, C S Todd & Associates