Insurance for retirement, more commonly known as a pension fund, is an insurance policy taken out by individuals to provide an income after retirement. Often, employers will contribute a percentage towards an individuals' pension although this is not mandatory. There are many pension fund options available on the market but since most people simply accept the policy offered by their employers, people rarely shop around for the best retirement insurance available. This is unfortunate since insurance for retirement, like any kind of insurance, differs from company to company and the benefits of one policy may easily outweigh the benefits of another. This can be especially true for people who have been employed by a company for a particularly long time. It is therefore wise to re-evaluate your retirement insurance needs and benefits from time to time to ensure you have the best deal possible.