Empty Nesters & RetireesPersonal insurance needs may have diminished as your financial pressures ease and your children embark on their own 'young and single' life stage. As you move from one life stage to another your personal insurance needs will vary, change and evolve. Being an 'Empty Nester' you will be finding that your personal insurance needs will have gone full circle. Now that your children have left the nest you are likely to have a little more cash to spend on activities such as: 
- Travel;
- A holiday home;
- Home renovations;
- A sports or luxury car.
At this stage in your life you may have acquired a selection of cash savings, financial investments, superannuation and equity in assets such as the family home, all of which have taken several life stages to acquire, grow and maintain.
Whilst it is true that if you lost your ability to earn an income you will have probably acquired enough cash savings and assets to enable your survival through a 'tough' financial period, but at what cost?
If the unexpected were to occur:
- You may be forced to sell the family home or downsize to a more affordable place;
- Perhaps you may need to consider early liquidation of investments; and
- You may need to make a change to your lifestyle and forget renovating the house, or buying that sports car.
It is now that you may have financially more to lose and more at stake.
With an array of wealth you have created, protecting your wealth at this point in your life would offer advantages such as:
- protection and security for your dependants and your long term retirement goals;
- protection of wealth that you have created such as cash savings, investments and your family home;
- you can avoid becoming dependant on Government benefits which, may provide relatively low levels of income; and
- you can avoid the need should the unexpected happen to rely on relatives or friends for financial help.
Protect what's important. Call KNM today.
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