Your Insurance Lifestage
Everything that occurs teaches and prepares you for the next stage of life. Nothing is lost.
– Zig Ziglar
Your Lifestage vs. Insurance Coverage
Let our personable and experienced agents help you make the most informed decisions about auto, home, life, commercial, cyber, health & Medicare, and group benefits insurance. We represent the most creditable and reliable carriers and never charge a broker fee.
STARTING
Age: 19-34
Coverages You May Need Now
- Auto, Rental, Health, *Pet
Considerations
- As a renter, it is important to understand your renter’s policy requirements and have an inventory of your valuables and belongings that might need additional coverage.
- Standard liability limits of $50,000 per person/$100,000 per accident bodily injury and $50,000 property damage is a good minimum level of coverage for car insurance.
Do’s & Don’ts
- Take defensive driving if you get a ticket to keep tickets off your record. (After two tickets, your insurance premium will go up.)
- Lean on your insurance agent to understand insurance terms and coverages.
- Take advantage of state-mandated health insurance if your employer does not cover you.
- Let your insurance agent know if you are operating a business from home.
- Let your insurance agent know if you are working in the gig economy. This will help determine if you might be vulnerable to a claim and what additional coverages might be needed.
- Don’t let your policies lapse.
- Never go without auto insurance or health insurance.
BUILDING
Age: 35-60
Coverages You May Need Now
- Auto, Rental/Homeowners, Earthquake, Flood, Business Owner Policy/Worker Comp, Valuable item policy, Health, Life, Disability Insurance, Cyber and *Pet
Considerations
- While you are in the building stage, it is a great time to buy affordable life insurance.
- As you near 50 years old, you should talk to your insurance agent about long-term care insurance.
- Make sure you discuss limitations on valuable items on your homeowner’s policy. (e.g., engagement rings, wedding rings, high-value jewelry, fine art, and collectibles)
Do’s & Don’ts
- Share life changes with your agent. (e.g., marriage, family expansion, etc)
- Have a saving and retirement plan, and establish a relationship with a *financial advisor.
- Review auto insurance with your agent upon adding young drivers to your policy, early driving at age 16 is encouraged to establish a good driving record in three years.
- Review coverages with your agent for college students away from home and special events such as weddings and anniversary parties.
- Let your agent know if you are operating a business from home.
- Involve your insurance agent in long-term care decisions to take care of senior parents.
- Don’t leave kids on auto policy once they leave home. Help your children move to their own auto policy once they are on their own.
- When creating and managing a budget, don’t forget to account for autopay subscriptions and expenses.
HOLDING
Age: 61+
Coverages You May Need Now
- Auto, Homeowners, Health, Life, Medicare
Considerations
- You are eligible for Medicare healthcare benefits at age 65. We recommend that you start reviewing Medicare supplement plans with your insurance agent at age 64.
- Make sure your *retirement plan is in order by age 60.
- Review all insurance policies established in your building stage with your insurance agent for opportunities to revise and save money especially in a stage of downsizing assets and properties.
Do’s & Don’ts
- Review your options on determining your age to start your Social Security benefits.
- Don’t try to figure out Medicare supplements alone or wait too long to enroll.
