Insurance for every stage of life: protection at every step

Insurance accompanies us throughout life to help us face possible adversities. Depending on our age, we have different habits, needs, and concerns, so each policy we take out may evolve over time.

Because nothing is the same for young people who are just beginning to plan their future as it is for older people who, for example, are looking for security for their loved ones or peace of mind in retirement.

Having some degree of insurance protection can be vital during childhood. Parents seek security for their children, especially in the event of illness or accident.

At this stage, health insurance can be very useful, as it enables quick and high-quality access to pediatric consultations and other specialized medical services—from check-ups and vaccinations to emergencies or specialties such as speech therapy.

Another option is life savings insurance designed to create capital intended for the future of minors, whether for education or any other project, through periodic or extraordinary contributions. They often include additional coverage in the event of the parents’ death or disability, ensuring the child’s future if such a situation occurs.

During adolescence and young adulthood, the needs related to studies, mobility, and their first possessions, especially technology, become even greater. Some insurance policies can help during the first steps toward independence, preventing minor incidents from turning into major problems.

It’s the time of their first outings on their own. That is why it can be essential at this stage to have travel assistance insurance with medical coverage, repatriation, or baggage loss, for example. They also begin to have possessions of significant value, such as computers or mobile phones.

Let’s not forget that at this stage they start getting around in vehicles after obtaining their driver’s license. For motorcycles and cars, third-party liability insurance is mandatory, but it can be supplemented with all-risk coverage, roadside assistance, and protection against theft or fire. Everything for the safety of young people.

Step by step, we reach adulthood, a time when the level of family, financial, or work commitments increases considerably. It is the most complex stage in terms of exposure to risk and, therefore, the one that requires the most insurance planning, since protection becomes a key tool for stability.

One of the most important types of insurance is Life Protection, which ensures that in the event of death or disability of the policyholder, the family can maintain its financial standard of living as stipulated in the policy.

Likewise, between the ages of 30 and 65, coverage needs are greater: home, auto, health, occupational disability, accidents, business, etc., and everything around us—whether mandatory or not—is better protected against any threat.

Furthermore, the next stage of life is already beginning to come into view, so taking out a retirement savings product—such as PIAS, Unit Linked policies, or pension plans—will allow us to reach the retirement stage without any major surprises.

In old age, we have different insurance goals. We want to preserve autonomy, take care of health, and guarantee financial peace of mind, both for ourselves and for the family. Thus, dependency policies and senior health policies, focused on geriatrics, chronic illnesses, and hospitalizations, become especially important.

If you don’t already have burial insurance, it is important to take it out to help cover the costs associated with death or to make things easier for those we leave behind, with services such as psychological and legal assistance.

For greater financial security, life annuities can also be taken out, converting a lump sum into a monthly income for life, often with tax advantages and the ability to manage the legacy we leave behind.

It is clear that none of these insurance policies or products is exclusive to each stage of life; in fact, many of them can accompany us throughout the whole journey. What matters is being protected against the unexpected and having their support, as they provide security, foresight, and well-being for ourselves and our loved ones.

Seeking advice from an expert to determine which coverages are most suitable can be the best option to build the right safety net, as well as to plan boldly and protect what matters most to us.

At MAPFRE, we accompany you through every stage of life, because we offer the most suitable products and services, no matter your age, so you can live each stage with confidence.

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