Getting insurance can be a hard thing to decide on because there is simply so many insurance products from so many different types of insurance companies out there. Even after when you have made up your mind on one, you still need to make your comparisons and that can be incredibly consuming. But if you have a sort of guide to help you know what kind of insurance policy you should get for each stage of your life, that can be really helpful.
So today, I am writing this article, to answer my own question on what kind of insurance policy should I get for each stage of my life, and hopefully after you are done reading this simple article, it can somehow benefit you in some way. So without further delay, allow me to start on this article, and I hope, that it will benefit everyone who reads this, so that they will find that getting insurance policies can be easier than before.
Entering My 20s
As I enter my 20s, I would like to thin that this is the time where I am beginning my life, getting my first real job, if I am no longer pursuing my studies, and now when I can actually afford something, I will start with getting a good Health Insurance Policy for myself, because health is the utmost important thing in our lives, without good healthcare, we wouldn’t have anything, even if we have everything.
Now as I have mentioned before, as I start my job, I will need to have a car, this is an incredibly important thing, because how else can I get to work? Sure I could use the MRT, LRTS, etc. but that will be really time consuming, and in general it is just better to have a car, and hence, getting a comprehensive Car Insurance Policy is also really important and it is something that I will get when I am in my 20s.
Now, as I am starting my career, I am very aware that I have nothing saved up, and getting income is really important, but the other thing that I also need to be aware of is that accidents can happen, and sometimes, things can take a turn for the worse and if that does happen, I might be disabled temporarily or permanently, and then I will definitely need another stable source of income, doesn’t have to be a lot, but a good amount where I can survive. So I will definitely look into getting myself a good Disability Insurance Policy.
For many, finally getting the opportunity to move out of your parent’s home is also a huge achievement, but some may not be able to actually own their own home, just like I am not able to, so what I will resort to do is renting a place for myself temporarily. This insurance is really beneficial for anyone who is renting a place, and it is incredibly cheap, so this Renter’s Insurance Policy is something I will definitely look into.
Entering My 30s
Now as I enter my 30s, life gets a whole lot more serious, and now I will be looking at getting married, having children, owning a house, and amongst other things that are on those lines as well. So at this point of time, I know that there are people relying on me to provide for them and if anything were to happen to me, that main source of income will be gone, and this is why I will get a comprehensive Life Insurance Policy for myself and my spouse.
Now we have finally come to this part, this is what I was looking forward to, as I get my own home, I will need to insure something here, and that is my home, since there are people like my spouse and my children that I love so much that needs to live here as well as I do, I will need to make sure that if anything were to happen to my home, it will be covered so I don’t completely destroy my wallet, and that is why I will get a Homeowner’s Insurance Policy.
Now this is an optional insurance to have, but I have always wanted to have a pet, a dog or a cat, a little furry best friend for myself, but when I think about it, having a cat or a dog, can be a really good thing if you don’t have a family of your own, but even so, your children might also want a pet and it is important to get pet insurance for them as well! They can get hurt and surgery as well is healthcare for them can be quite costly too, so I will most definitely look into getting a good Pet Insurance Policy for my future pet or pets.
Entering My 40s
Long-Term Care Insurance
Now, this is the time that I will realize that I am getting old, and as anyone gets old, everything starts to slow down, even healing, and your vulnerability to getting hurt, and other more life threatening things increases. So getting a good Long-Term Care Insurance Policy is definitely very important and I will surely look into this as I enter my 40s, and once I have it, I will really feel that huge amount of weight lifted from my shoulders.
Coming to an end here, I really do hope that this article was able to help everyone in one way or another, and when you are getting your Insurance Policy, for whatever reason, be sure to know what you are getting covered for and what you are not getting covered, so you know how prepared you are if anything does happen, thank you for taking the time to read this article that I have written. Click PolicyStreet to get your AXA eMedic medical car today!