What is another word for old-age insurance?
Pronunciation: [ˈə͡ʊldˈe͡ɪd͡ʒ ɪnʃˈʊ͡əɹəns] (IPA) 
Old-age insurance, also known as retirement insurance or pension insurance, refers to a type of insurance that provides financial support to individuals during their retirement years. It is designed to help senior citizens live a comfortable life without worrying about financial difficulties. There are several other synonyms for old-age insurance, including pension plan, senior care insurance, retirement security, and annuity. Pension plan is the most common alternative for old-age insurance, as it provides a regular income to employees after retirement. Senior care insurance is also a popular option, as it offers coverage for healthcare and long-term care expenses. Retirement security and annuity are also terms used to describe insurance plans that help secure future financial stability for seniors.
