Tip#1: Auto Insurance
Having kids around the house would drive up the cost of getting auto insurance. Now that the kids have left home, you can ask for a lower premium to get an auto insurance coverage. Additionally, if you have a great driving record with no history of accidents, it is easy to get a lower premium for it. Being in the older age group would qualify you for additional discounts too, one you reach the age of 55, remember to ask for a lower premium from your insurance agent. If you are retired and don't use the car too often, you can enjoy a lower premium as well. Take the kids off the policy and you will drastically reduce the cost of premium.
Tip#2: Moving Home
You may want to move into a smaller home now that the kids have left or you may want to live in that dream home you have been saving up for years now. Every time you need to move those stuff and personal belongings around, you need to get adequate insurance coverage for it. There is one plan referred to as the "special perils contents endorsement" which actually replaces all of the goods that are insured with a new one in case it gets damaged during transit. You may opt for smaller plans with lower premium if you are not interested to pay for full coverage.
Tip#3: Health Insurance
Now that you are much older, a health insurance will seem to be one of the most important investments you can make to protect yourself in times of emergency. There is a big chance that the health policy you enjoy right now is provided by your employee. Does this even apply to the immediate situation? Do you need any kind of additional coverage such as cancer insurance and travel insurance? Do not rely on Medicare to take car of you. Most of the time, you need to get yourself extra protection in cases where Medicare doesn't come in to help. It is better to be safe than sorry.
Tip#4: Travel Insurance
You need to be sure about the health care and the cost of getting medical attention when you are out of the country. Some insurance policies do not provide any kind of coverage when you are out of the state or the Country and this is one aspect that needs to look into. Make sure your plan includes a clause in the policy coverage which would fly you home immediately when an emergency arise. Getting medial care from a foreign doctor can be every scary and you would want to return home as soon as possible. Make sure that you get to call the shots and make the decision, not the doctor or the insurance company.
Tip#5: Your Family
This is the time to look into the needs of your spouse and the kids, especially when dealing with health insurance. Does she need additional coverage? What about your kids? Is the coverage provided by the employer sufficient to cover the cost should an emergency should an emergency arise? You can opt to get additional coverage for your loved ones and include them in your policy if they are below the maximum age to be protected by your policy. This is one way you can help them save on insurance cot when they are just starting out building their own loves out there.
Tip#6: Long-Term Care
Think about the long term care and whether you need to purchase additional policy to ensure you would be taken care of as you step into the precious final golden years of your life? You can talk to your insurance agent about the various plans offered for long-term care, which might fill in the gap and give you what you are looking for.