LIFE STAGE: EMPTY NESTERS

Have the drivers on your policy changed? Maybe a child has moved away and is not driving your vehicle. They could be removed from Maryland insurance policy and save you money.

Consider adding an Umbrella policy to protect your assets.

Consider Umbrella insurance: This type of policy provides additional coverage to help protect assets.

Keep your homeowner policy liability limits up-to-date, including the replacement cost of your home and contents, and your homeowner’s liability coverage in the event you are sued.

Flood insurance may be required where you live, or if it is not required but you want it for additional protection, in all cases make sure you get coverage for your home and for your contents.

Stay in compliance with ACA rules regarding group or individual health plans.

Be careful of discount cards for health services. Be sure you know what is covered, and if they are accepted by your health providers and pharmacy.

Consider your need for Long Term Care insurance: this can play an important role in your future health needs to help cover costs for elderly services or facilities that you may need as you get older.

Can you convert your employer policy to your own individual policy, if not consider a life insurance policy you own and control; keep your beneficiaries current; consider Long-Term Care insurance.