How to Match the Right Insurance Policy to the 4 Stages of Life

As we go through life our needs change. A Young man or women with a family has very different insurance needs then the Empty Nester. Here is a guide to help you determine what type of insurance best matches your need based on the 4 Stages of life

Stage 1

While traveling the great state of Missouri one of the biggest objections I hear is why do I need life insurance. I'm young, single and healthy. That is the best time to buy life insurance. The younger you are and the healthier you are the cheaper life insurance is.

When you are still young and single you may not really need life insurance but that is the best time to buy it. A small whole life policy of 50,000 or maybe 100,000 is really is good investment for a young person. As long as you keep this policy in force no matter how old you get. No matter what happens to your health you will always have insurance.

Stage 2

You get married buy your first house and have a few children. At this point in your life you need enough insurance to pay off the mortgage if something happens to you and of course you would want to make sure there is enough money for your young growing family . Don't forget those college expenses A Term Policy or universal life policy are what you should be looking into during this stage.

Stage 3

A friend of mine says life begins when the dog dies and the kids graduate college. Your Home is paid off or nearly paid off. Your children are all on their on and no longer count on you for support. Your concern now is to have enough money for retirement. Your Life insurance needs aren't that great that 50,000 Life policy you got when you were in stage 1 might be all you need. Annuities, Universal Life and long term care are areas of insurance to look into during this pahse of your life.

Stage 4

The Golden Years. You want to make sure you don't outlive your retirement savings. You also want to protect the assets you have. Annuities and Long Term Care and Medicare Supplement would be your 3 main areas of concern during this satge of your life.

About the Author
Mike Makler Offers Financial Services (Mortgages,Life Insurance, Annuity) in Florissant Missouri which is in North St. Louis County Missouri Just Across the Bridge from St. Charles Missouri

Call Mike at 314 398-5547

Visit Mike's Web Page:
http://ewguru.com/finance

For Missouri Specific Insurance and Loan Questions:
http://ewguru.com/Mo-Finance

Get Mike's Newsletter Here
http://ewguru.com/fin-news

Copyright © 2005-2006 Mike Makler

---

Ebooks, Scripts, Websites, and more...

Adsense websites

Cut Business Insurance in 8 ways

1. Comply with recommendations from company engineers and loss control.... Read More

Are Accidents More Likely To Occur Closer To Home?

If you are going to be involved in an accident,... Read More

Indemnity Insurance For Landlords

As a property owner it is essential to protect yourself... Read More

What Type of Doctor Should I See Under My HSA?

You can withdraw money from your Health Savings Account (HSA)... Read More

Types of Long Term Care Insurance

Regardless of what some people might think, medical insurance will... Read More

Millions of Americans have No Life Insurance

Only 61% of adult Americans have life insurance (down from... Read More

Car Insurance No Claims Bonus Explained

No Claims Bonus is a term used to describe the... Read More

How To Save Money On Your Homeowners Insurance?

In order to save money on your homeowners insurance you... Read More

Can I Get Affordable Dental Care?

In the United States most companies offer their employees dental... Read More

Why Boat Insurance Doesnt Help A Lousy Sailor

For thousands of years men have sailed the seas. From... Read More

Health Savings Accounts (HSA): Do They Vary From State to State?

The Health Savings Account (HSA) is an amazing tool that... Read More

Types of Auto Insurance Coverage Explained

A question you might ask yourself is: why must we... Read More

How Much Car Insurance Should You Buy?

Car insurance is one of the most dreaded chunks in... Read More

Risk Retention Groups RRG

In response to a hard insurance market in the mid... Read More

Auto Insurance In Texas

If you are looking for auto insurance in texas, you... Read More

How to Reduce Home Insurance Premiums

Here are some useful tips on how to reduce Home... Read More

Protecting Your Expatriate Family

If you and your family relocate overseas, one of your... Read More

Discount Auto Insurance

Whether you are looking for car insurance in Canada, the... Read More

Is Your Financial Security at Risk?

The topic of insurance is not sexy by any means.... Read More

Long Term Care Insurance How Much Should I Buy?

Long-term care insurance policies have a variety of features and... Read More

Health Insurance Plans and their Differences

Health insurance plans have changed dramatically over the past ten... Read More

I Was In An Accident, Will My Car Insurance Rates Go Up?

You were on the phone, got distracted and before you... Read More

Six Crucial Insurance Claim Possibilities

There are DOZENS of insurance claim possibilities which will increase... Read More

Disability Insurance For The Long Term

Disability insurance covers you for an extended period of time.... Read More

Affordable Life Insurance!

So, you've decided to purchase life insurance. Well then, you... Read More