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  Sandwich generation -- 50s
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Insurance needs

Contingency plans for protection
Disability insurance and life insurance are important especially when you have a young family. As the children grow up and leave the nest, a parent's insurance needs change. Have you evaluated your coverage and the premiums costs lately?

Links:
The basics of life insurance, Major types of life insurance, How much life insurance do I need?, Stock market killing your life insurance?, Longer lifespans will lower insurance rates, Protect your finances with disability insurance, How married couples maximize health insurance benefits

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First-look at long-term care insurance
Fifty may be a bit young to purchase long-term care insurance, but if your company sponsors a plan familiarize yourself with it. You will want to buy this coverage sometime during the next 10 years, so educate yourself. Some financial experts recommend buying this coverage early to cut premium costs.

Links:
Long-term care insurance: A critical consideration, 12 questions for long-term care insurance

Protect your property
Keep your insurance costs down without reducing your coverage. Here's how to cut costs when you can.

Links:
Plan ahead to save your home from disasters, ABCs of your homeowners insurance policy, 10 things you need to know about homeowners insurance, Homeowners insurance and pets, Keeping the price of auto insurance low, 9 ways to save on auto insurance, Should you buy title insurance?, Insurance and your safe-deposit box, Does your insurance cover terrorism?, You have homeowners insurance. But are you really protected?

 

-- Posted: Jan. 20, 2003

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