Welcome to the life stage tool. This tool provides easy to use information on insurance and financial planning for different stages of your life. Information on auto, home, life, health, disability, and long-term care insurance are provided.
This information is provided by the Insurance Information Institute.
When a teenager gets a license, it’s probably the first time he or she focuses on insurance. And as young people graduate from high school and head off to college or enter the working world, there are lots of insurance matters for young people out on their own for the first time to think about. 
The joining together of two lives is joyous. It’s also nerve-wracking. There are a number of adjustments couples have to make when thinking and planning for two. They may need financial protection they haven’t worried about before, because spouses now depend on each other for support.
You are part of the work force and out on your own. Establishing a solid financial foundation should be a priority, including insurance in the mix. It’s important to understand what affects the cost and availability of insurance. If you have accidents, insurance will increase in cost.
Children are the future. We need to plan for their future and we need to protect it. As the saying goes, it will be here before we know it. A family’s insurance and financial needs will grow and change over time as we take steps to manage our finances; and protect our property and lifestyle against significant changes in our life or health.
Many people obtain certain kinds of insurance through their employment, particularly health and disability coverage. Larger businesses may also offer retirement benefits, such as a 401(k) account. When changing jobs, rearranging coverage and finding out which accounts are portable becomes very important.
Since nearly half of all marriages fail, divorce is unfortunately very real for many people. Couples face the difficult task of separating emotionally and financially. This has insurance implications as well. Legal and financial advice will be critical, particularly if there are children involved.
Since insurance and domestic partnership laws are different in each state, it’s best to consult with a financial advisor or lawyer who is familiar with laws affecting domestic partnerships in your state.
By the time you retire, your accumulated wealth is probably at its height. The challenge now is to manage your assets so that they last as long as you do. Insurance still plays an important role at this stage of your life.