We’ve Got You Covered in Every Stage of Life

The one thing that’s constant in life is change. If you haven’t had a major life change in a while, that just means there’s one coming right around the corner!

Whether you’re living the single life right now, you’re about to get married, or retirement is right around the corner — Zander has you covered throughout all of life’s stages.

Singles

Okay, so you don’t have a spouse or kids depending on your income. You probably feel free and clear, right?

We’d like to agree but, according to the Social Security Administration, one in four people become out of work for at least a year because of a disability. So it’s a smart idea to protect yourself by having disability insurance. This will serve as a barrier between you and the loss of income if something unexpected happens and you become disabled.

Disability insurances replaces most of your income if you become ill or injured and are unable to work. The disabling event doesn’t have to take place at your work, and most disability insurance claims are for things you may not even realize are considered disabilities, such as a heart attack, cancer, or injuries from an accident.

These things really can happen to anyone. Disability insurance is a critical piece of keeping your future secure, no matter what life throws your way.

We also have you covered for home and auto insurance, which is critical at any stage in life. We’ll find you great coverage at a great price because we compare plans from over 15 of the top-rated companies for you!

And don’t forget about identity theft protection. Did you know that, according to the FBI, you’re 50 times more likely to have your identity stolen than have your house broken into? If you wouldn’t go to bed at night without locking your doors, don’t go through life without protecting your identity!

Young Families

Isn’t it funny how marriage or a new baby puts things in perspective? At this stage of life, you’ve probably begun thinking about your family’s future. A term life insurance policy is where you want to start.

Term life insurance takes care of your family financially when you die. Dave Ramsey recommends a policy that covers 10-12 times your annual income. This money is meant to replace your income, pay off any outstanding debts, cover funeral costs, and maybe even help fund college tuition or retirement.

You’ll want life insurance on both spouses, even if one stays at home. That’s because the contributions of a stay-at-home parent — including cooking, cleaning, carpooling, and caring for children — have a cost associated with them! The impact on your children and the benefit a stay-at-home parent brings to the household is invaluable, and the family would immediately take a financial hit if those contributions were lost.

Established Families

We know you have a lot on your plate. You’re juggling kids, careers, and keeping the cocker spaniel from killing the cat.

One thing you don’t want to have to worry about is your family’s future, especially if something unexpected happens. As we discuss above, term life insurance and disability insurance are great places to start. Don’t forget to get life insurance on both spouses, even if one stays at home.

You’ll also want to look into long-term care insurance. Over half of people turning 65 today will need long-term care at some point, and that’s why this should be a serious consideration in your financial planning.⁽¹⁾ You might not be ready to purchase a plan yet, and that’s ok! But you do want to get to a place financially where you can pay for a policy by age 60.

And if you’ve had the same home and auto insurance policy for a while, it’s time to re-shop. We’ll find the best current rates for you—because we know you don’t have time for that.

Retirees and Empty Nesters

At this point, you’ve earned the right to relax. Hopefully you’ve got a little nest egg, and no one is directly relying on your income — except you! And we want you to keep what you’ve worked so hard for.

That’s why protecting your assets with an identity theft protection plan is crucial. Senior citizens are one of the most commonly targeted groups for ID theft, a crime that is growing faster than any other in the United States. Identity theft protection will help you avoid social media hacks, phone scams, or any other form of exploitation, and make sure you’re covered if you do become a victim.

This is also when your long-term care insurance should come into play. Medicare and standard health insurance will not cover long-term care costs – that’s important to keep in mind when assisted living can cost around $45,000 a year, and home health aides cost around $135 per day.⁽²⁾ Most of us don’t have that just sitting around in our budget! Long-term care insurance will make sure you have everything you need in this category.

So, how can Zander help you where you are in life right now? Give us a call at 1-800-356-4282 and we’ll have you prepared for whatever life throws your way!

(1) Melissa Favreault and Judith Dey, “Long-Term Services and Supports for Older Americans: Risks and Financing Research Brief,” Office of the Assistant Secretary for Planning and Evaluation, US Department of Health and Human Services, Washington, D.C. July 1, 2015

(2) Genworth Cost of Care Survey 2018