Empty nesting

 

The need for life insurance: Empty nesting

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Walt: Many people find that once they enter that empty nest stage that for whatever reason, the empty nest gets crowded again. That for whatever reason, one or more of those children might come back to live with you.

Vince: Let’s hope not.

Walt: Let’s hope not. But it happens.

Vince: That could happen.

Walt: It happens.

Vince: Yeah.

Walt: And maybe even with grandchildren.

Vince: That’s true.

Walt: You never know what happens, so to be able to have that life insurance coverage to continue to support them is important. Not only that but also to have life insurance coverage for your spouse.

Vince: True.

Walt: Should the unthinkable happen to you.

Even an empty nest needs to be protected

While financial concerns of empty nesters typically shift to retirement savings, you shouldn’t disregard the need for life insurance at this stage of life. In fact, more than half (55%) of Americans age 50-70 agree that some life insurance is needed even after the kids leave home and the mortgage is paid off.¹

While the kids may be out of the home, you may find that you still need to provide financial support to them, your grandchildren, or your parents. Also, if you’re still working and have a mortgage, you’ll want to help ensure a comfortable lifestyle for your spouse in the event of your death.

The term policies you purchased earlier in your life may be expiring soon. Converting some of your term insurance to whole life or obtaining a new policy to help with getting through retirement and covering final expenses is a great idea to help protect the ones you care about most.

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Resources

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Your helpful life insurance guide: Empty nesting

As your kids grow up and leave the house, life insurance should still be a part of your plan going forward.

Your helpful life insurance guide: Shopping for Life Insurance

When it comes to shopping for life insurance, you may need help making an informed decision. We’ve created this guide that’ll make it much easier for you when you’re looking to purchase life insurance.

Does your life insurance address all of your financial responsibilities?

It’s critical to understand that life insurance can help you address financial concerns beyond your mortgage and final expenses, today and tomorrow.

The new sandwich generation

The sandwich generation phenomenon has created an increasing need for life insurance among middle-aged Americans.

How are attitudes about retirement changing?

Americans were permanently affected by the Great Recession, and we’re seeing a permanent change in their views regarding work and retirement.

Amica Life Survey finds Many Americans are underinsured – are you?

If something were to happen to you, or to your spouse, would you have enough life insurance protection to cover all of your expenses?

Why Amica Life?

With Amica Life, you can always expect an extraordinary level of service. Our licensed professionals will listen to your unique needs, answer your questions, identify coverage that's right for you and then help you every step of the way to ensure your coverage stays in line with all of your life’s changes. With an A+ (Superior) rating from A.M. Best2, a leading authority on insurance company financial stability, you can also be confident Amica Life will be there for your loved ones.

Learn more now!

These are the times when life insurance can matter the most.

12015 Amica Life Financial Peace of Mind Survey
2A.M. Best Company. Feb. 3, 2017. A+ is the second highest of 15 possible ratings. For the latest rating, access ambest.com.