What is the Right Type of Insurance for Every Age?

Having insurance is a lot like carrying an umbrella – even if you do not need to use it all the time, it is handy to have when inclement weather occurs. Many Canadians fail to have the proper coverage for the season of life they are currently in. Your life situation may differ from your neighbour’s, but having the right insurance at the right time can ease the financial burden of when problems arise. For example, you may not need the same life insurance coverage when you are first married as you do when you add children. Whether you are in Calgary, Medicine Hat, or Brooks, at TSG Insurance & Financial Services Ltd., we understand the different seasons you will go through. We can help you find the right coverage and provide insurance quotes for your life situation.

Insurance for the Difference Seasons of Your Life

Wondering what type of insurance you need for your particular stage of life? Here is a basic breakdown to aid you:

•    Your Roaring 20s: Most of us feel (or felt) invincible in our 20s. Now is the best time to make sure you are fully covered. Consider these types of insurance:
o    Auto Insurance – When you obtain your first automobile, you need the proper coverage to recover from accidents or cases of theft.
o    Disability Insurance – Should you become disabled, disability insurance can help protect you if you lose your income.
o    Renter’s Insurance – When you are renting, a renter’s policy can help if you experience a variety of hazards such as fire, theft, or even storm damage.
•    Your Maturing 30s: As you age, get married, have children, or buy a home. A new season of life requires a new view of insurance:
o    Life Insurance – Life insurance helps your loved ones by replacing your income should you die.
o    Homeowner’s Insurance – When you buy your first home, you can drop the renter’s insurance and switch to a homeowner’s policy. This policy protects not only your home but your visitors as well.
•    Your Comfortable 40s: By the time you reach your 40s, life has probably taken a different turn. Maybe you are comfortable in your career or facing some college expenses for your children. While keeping up with your responsibilities, now is a good time to add one more essential type of coverage:
o    Long-term Care Insurance – You may not be quite ready for the nursing home, but obtaining coverage now for your Golden Years will be cheaper.

Contact a TSG Insurance Representative about the Best Insurance for Your Age

Ready to take control of your future? Our professionals at TSG Insurance will be happy to sit down with you and assess the best coverage and policies for your personal stage in life. We work with reliable, stable companies to get you the best coverage you need that fits your budget.

Reach us online, and we will contact you as soon as possible. Also, please feel free to call us toll-free at 800-830-9423. Book an appointment at one of our convenient locations in Calgary, Brooks, Medicine Hat, Edmonton, or Bassano.