When most people think about retirement, they picture freedom, travel, and time with loved ones. What often gets overlooked, though, is one essential piece of the puzzle: insurance.

At PrairieView Wealth & Tax Advisors, we believe insurance planning for retirement isn’t just a box to check—it’s a long-term strategy to protect your priorities, safeguard your family, and support your goals through every season of life.

Here’s why it matters and how to make sure your plan is working for you.

The Overlooked Foundation: Why Insurance Belongs in Your Retirement Plan

Many people treat insurance like a temporary necessity—important while the kids are young or when a mortgage is in play, but optional after that. In reality, insurance remains a powerful tool in retirement. It provides:

• Financial protection if illness or accident occurs
• Security for your family in the event of unexpected death
• Peace of mind knowing healthcare and caregiving won’t drain your resources

When viewed strategically, insurance becomes a way to protect the life you’ve worked so hard to build.

What Types of Insurance Should Be on Your Radar?

While everyone’s situation is different, here are three key types of insurance to consider when building or reviewing your retirement plan:

1. Life Insurance

Even in retirement, life insurance can play a critical role in wealth transfer, tax planning, and ensuring your loved ones are financially secure. For high-net-worth families, it’s often used as a tax-efficient tool to leave a legacy.

2. Disability Insurance

Though typically more important earlier in your working life, some policies continue to be relevant if you’re still earning income in retirement or have dependents relying on you.

3. Long-Term Care Insurance

This is one of the most important yet under-discussed forms of coverage. Costs for home care, assisted living, or nursing facilities can quickly eat into savings. Planning ahead can help cover these costs without burdening your loved ones—or compromising your lifestyle.

When Should You Reevaluate Your Coverage?

As your life evolves, so should your insurance. Consider reviewing your policies if:

• You’ve recently retired or are preparing to
• Your children are now financially independent
• You’ve paid off significant debts (like your home)
• You’ve experienced a major health change
• Your financial goals or estate plans have shifted

Remember: the policies that made sense in your 40s might not serve you in your 60s.

Common Gaps That Could Affect Your Retirement Plan

Even the most well-thought-out retirement strategies can fall short if certain risks are left unprotected. Common gaps include:

• Relying solely on Medicare for long-term care needs
• Having insufficient life insurance for estate planning goals
• Not reviewing beneficiaries regularly
• Carrying outdated policies with high premiums and little value

That’s why insurance should be part of a comprehensive, proactive financial conversation—not a reactive decision after something happens.

How PrairieView Helps You Build a Smart Protection Strategy

At PrairieView, we take the long view. We don’t just look at your investments—we look at your entire financial picture. That includes how insurance can help you:

• Preserve your legacy
• Support your spouse and family
• Prepare for rising healthcare needs
• Keep your plan aligned with your long-term purpose

We’ll help you evaluate current coverage, identify gaps, and build a custom strategy that fits where you are now—and where you want to go.

Protecting What Matters Most

Insurance planning for retirement isn’t just about avoiding risk. It’s about protecting what you love, maintaining your independence, and staying aligned with your long-term purpose.

If you haven’t reviewed your coverage lately—or if you’re unsure whether your plan fits your goals—let’s talk.

Schedule a conversation with a PrairieView advisor today and make sure your plan protects your priorities—at every stage.