insurance

Insurance at Every Stage: Raising a Family

Insurance at Every Stage: Raising a Family

A growing family, by definition, means an ever-increasing financial obligation – both now and in the future. Amid the increasing expenses and life demands that come with parenthood, thinking about your insurance needs can be tough. But now’s the time to consider what is at stake and make sure you’re protecting your family from whatever life may throw your way.

Raising a family brings increased financial responsibilities, and reviewing your insurance coverage is crucial to protect your growing family. As a parent, auto, home, health, and life insurance should be regularly reassessed. For auto insurance, young drivers can increase premiums, but strategies like comparing quotes and using discounts can help manage costs. At home, with more assets and liabilities, updating your homeowners policy and considering umbrella insurance for additional liability protection is important. Health insurance should shift to …

Insurance: Getting Married

Insurance: Getting Married

Marriage changes everything, including insurance needs. Even if you and your spouse lived together and shared expenses while dating, you may have new responsibilities – and opportunities – for your insurance policies.

Marriage can significantly alter your insurance needs, as you and your spouse may now share financial responsibilities and opportunities. Reviewing and adjusting your insurance policies together is crucial to ensure you’re both adequately covered in this new stage of life.

Start by looking at auto insurance, as many insurers offer discounts for married couples or multi-car policies. Next, if you buy a home, make sure to evaluate your homeowners or condo insurance to ensure adequate coverage for property, liabilities, and personal assets. Health insurance also requires attention, as marriage qualifies as a life event allowing for changes during open enrollment. Additionally, consider disability insurance to protect both incomes, especially if you both work, and review …

Insurance: Just Starting Out

Insurance: Just Starting Out

The transition to adulthood is an exciting time that marks true independence. With this new freedom comes some real responsibility, including the need for protection against the financial risks that life can present.

As a young professional transitioning to adulthood, it’s important to manage the financial risks that come with independence. Once off your parent’s auto policy, you’ll need to secure coverage in your name, which can be costly for young drivers. Shopping around for the best rates and exploring discounts can help. Renting your own place opens up new risks, so protecting your belongings with renters insurance is a smart move, especially since it’s often affordable. Health coverage is available either through your employer, your parents’ plan until age 26, or through a plan you purchase on your own. Disability protection is essential, as a significant portion of young adults will experience a …