In a world where the future is uncertain, one thing remains constant: the need for protection.
For those born between 1981 and 1996 (hello, millennials!), planning for the future might seem daunting. Or may have just slipped to the bottom of the list among everything else on your to-do list… After all, this is the generation having kids, getting married, buying expensive household objects, and never-ending chores. So many chores!
But especially because of all the above, we take a closer look at why this generation should start to prioritise understanding general insurance. You are investing in your long-term financial well-being and peace of mind.
Life is unpredictable
As millennials approach those milestone birthdays, you’ve probably realised first-hand how unseen risks can disrupt even the best-laid plans. As 30 to 40 years-youngs, this is the era of mortgages, families, and the start of investing for the future. AKA financial pressure!
General insurance provides a safety net. We hate to think of it, but it offers financial protection against a wide range of unforeseen events. Think property damage or medical emergencies.
As you start collecting big-ticket items — cars, homes, or flash new lawnmowers — general insurance will protect your assets. There are policies such as homeowners’ insurance, car insurance, and renters’ insurance. They are all essential with these purchases. Ask yourself, can you afford to replace them in the face of theft or natural disasters?
Planning for Life's Milestones
From getting married to starting a family, millennials are reaching significant life events. They all require careful planning and preparation! But don’t forget to consider insurance in your plans.
Life insurance and disability insurance are valuable tools for safeguarding the financial well-being of loved ones in the event of an untimely death or disability. Securing adequate coverage early on can ensure that your loved ones are protected financially.
General insurance plays a crucial role in building financial resilience and peace of mind. A key step in adulting.
By proactively identifying and managing risks through various coverage, you can protect your assets and lifestyle while working towards your future goals. Leaving lots of time for all the fun stuff and being there for your family, knowing everything is looked after.
Plan for the future
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