Dramatic advances in healthcare have extended the lives of people, predominantly, in developed countries. Without adequate personal savings or pensions, people could easily outlive their retirement funds! In times of economic downturn, people may choose to come out of retirement and re-enter the workforce on a seasonal, part-time or full-time basis to earn income that helps meet their changing lifestyle needs and, more importantly, to have sufficient funds for medical care.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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