Page 5 - AAA Now! – AAA Shelby County – November/December 2022

Life Insurance Can Help Generation X Meet Financial Goals
MEMBER SERVICES
There’s no one-size-fits-all solution when looking at the needs of Generation X and their life insurance policies. After all, while some members of the generation could be looking into retirement in the near future, others may have young children at home or still have career goals to accomplish.
Whether you’re planning to retire in the next few years or still have kids living in the house with years of college tuition checks still to come, now is the best time to act to help protect the futures of those that you care about.
Help with Financial Security
A 2022 study from the Life Insurance Marketing and Research Association (LIMRA) indicated that 49% of Gen Xers reported financial insecurity – higher than any other generation1. Whether or not that applies
to you, consider what life insurance can help pay for: more significant expenses like funeral costs, medical bills that may not be covered by health insurance, and monthly living expenses that may be more difficult to cover without your income.
Keep in mind, insurance rates tend
to be lower for younger and healthier individuals, so this may be the best
time for you to capitalize on the options available to you and take the next step in your journey to financial security.
Make Your Policy Yours
If you already have a life insurance
policy, that’s great! It’s a good financial
practice to periodically review your
policy and make sure it is still the best fit for your lifestyle. If you signed up for the policy many years ago, consider how your situation may have changed. Are any costs you budgeted for more expensive
than anticipated? Has your job changed? Do you have new debts? Reviewing your policy today could minimize the financial burden others may feel should something happen to you.
Maybe financial security is not a concern for you and college costs, mortgages and other debts are nearly paid off – a terrific position to be in. Life
insurance can also help you leave the legacy by making contributions to charities that you care about.
Never Easier to Get More Information
AAA Life makes it easy to get more information, with an abundance of articles on the Life Resources page on aaalife.com. Our articles cover a wide variety of topics and can help you understand the options that you have and find the right fit for your specific situation.
1 2022 Insurance Barometer Study. Life Happens and LIMRA. April 25, 2022.
Protect Your Loved Ones All Year Long with a
AAA MEMBERSHIP SAVINGS:
• Save 5 cents a gallon on every fill-up with Shell Fuel Rewards
• Free identity theft protection with ProtectMyID Essential from Experian
• 15% average savings, but up to 50% off select hotels and resorts
• Up to 20% off car rentals with Hertz
• Up to 30% off electronic brands like Samsung, HP and Dell
• Up to 30% off select printing and shipping services from the UPS Store
• Up to 50% off concert, theme park and attraction tickets with AAA TicketMonster
We’ll even give you a
$20
Kroger Gift Card
with a new AAA Shelby County Primary Membership* to help with the cost of your holiday meal,
buy gas to get to Grandma’s or to purchase some holiday cheer to enjoy the season.
AAA Membership
*Mention HOLIDAY22 to receive the Kroger gift card. Offer valid November 14 – December 23, 2022. Valid on new Shelby County Primary Memberships. Some restrictions apply.
NOVEMBER/DECEMBER 2022
5