Life Events Timeline

Helping you plan from protection to legacy

The Stages

As you age, you will enter a variety of different stages. These stages flow from building, where a greater amount of protection may be needed, to accumulation, where you will need protection from risk, to conservation, where you will want to preserve what you have built, and to legacy where you will leave your mark with your family and others. At each stage, your risk and insurance needs will change.

Life Events Timeline and Insurance

This visual life events timeline will help you determine how well protected you are as you enter each new stage of your life.

 

Protection

Age 24-35

During this stage you need to consider:

  • Health insurance
  • Auto insurance
  • Homeowners insurance
  • Life insurance
    • Term
    • Permanent (Retirement
  • Disability insurance
  • Wills and Trusts

 

Protection & Accumulation

Age 35-55

During this stage you need to consider:

  • Supplemental life insurance
    • Term
    • Permanent (Retirement income)
  • Roth IRA
  • 529 Plans
  • 401(k) funding
  • Stocks, bonds, mutual funds, and annuities
  • Real estate

 

Protection & Conservation

Age 55-75

During this stage you need to consider:

  • Annuities
  • Long-term care
  • 401(k) rollovers
  • Pension maximizing
  • Social security planning
  • RMDs/SPIA payments
  • College funding/Life insurance for grandkids

 

Conservation & Legacy

Age 75-85+

During this stage you need to consider:

  • Wealth transfer gifting
  • Survivorship UL estate planning
  • Charitable planning
  • Final expense burial policy

 

 

 

 

Wondering how much life insurance you need? Download and print our Life Insurance Needs Estimator to find out.

 

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