Retirement insurance is insurance coverage that is designed to aid individuals who have reached retirement age to continue to enjoy a quality of life that is similar to that enjoyed during their working years. The most important benefit with this insurance has to do with making provisions for adequate medical care. The general idea of retirement insurance is to aid those who have actively retired from working to maintain an equitable standard of living, including access to ongoing medical care. While government benefits may provide some assistance with this task, it is often a good idea for individuals to create and maintain their own private insurance strategies. Doing so increases the chances of being prepared for just about any contingency and being able to enjoy the retirement years to the fullest.