First Comes Love, then comes marriage . . .
Life often follows certain stages, and different stages require different strategies. That's why I want to tell you about "life-cycle
insurance preparation" to help you consider your insurance program
in relation to the various needs and risks associated with different
stages of your life.
Starting out. . .
Home: With the high cost of buying a home, you maybe renting
for a time. While your landlord's insurance generally covers the building
and infrastructure, you need your own Renters policy to cover personal
property, such as furniture or electronic equipment, and for liability
coverage in case of injury or property damage to others.
Auto: Do you have a large loan on a new vehicle? If it's totaled in an accident or stolen, the amount you still owe the lender could be more than the cash value of your vehicle. Don't be "upside-down" on your loan - check out Residual Debt coverage, which could help bridge the gap.
Family time . . .
Life: Now that you have dependents, which type of policy
should you choose - Term Life coverage, which is very affordable,
or Permanent Life, which builds cash value? There is no right or wrong
answer. Let's look at your situation and be sure you have the information
you need to choose the option that's most appropriate for your budget
and your family.
Looking toward retirement . . .
Life: If you, like many of today's pre-retirees, have a large
mortgage and/or adult children who have moved back to the family nest,
you may still need Life insurance. Even if you're an empty-nester,
could your surviving spouse manage ongoing expenses if your income
were lost? Then we can customize a plan
based on your situation. It's also important for us to look at your
Homeowners and Auto policies for a comprehensive review of your overall
risk exposure.
Call me today, and we will work on coverage that 's personalized to you and your stage in life!
