What do you think about when you think of protection for your nest? Financial security? A safe home? A supportive family? Something completely different? We all have our own ideas about what it means to be well protected and secure. When I think of protection I think of all of those things and more.
Financial security is something we all must think about and consider seriously. I’ve heard many times that financial issues are a key reason listed in divorce proceedings. Financial planning is vital if we want to feel protected and safe. Most of us are under-insured. Are you prepared if something happened to the primary breadwinner in your home? I know my own insurance coverage is not even a full year of my salary. Experts recommend coverage at a rate of 5 to 10 times your annual income. (Obviously I need to check into an additional policy!)
Recent downturns in the economy have made planning for the future even more important. Knowing that I am a few decades away from retirement has been a blessing. My quarterly statements for my 403(b) have not been kind. I’m still happily investing, though. The low stock prices now mean my money is buying more and when the economy improves-and I truly believe it will-I will have a bigger nest egg.
A safe home is something to be prized. I remember the feeling of peace I got from simple actions when I moved into my house. I added deadbolts, made sure there was a fire extinguisher on each floor and added motion lights to the front and back of the house. Those simple steps did not cost a lot of money-but the peace of mind they gave me was priceless! There’s also something to be said for my favorite type of security system. A dog! Sure, you can install a security system from some company (as a matter of fact, I recommend it!) But nothing beats the security you get from a family dog who’s barks to let you know when you have visitors. (Another valid poing: you can’t can’t cuddle with and tell your secrets to a wall alarm!)
Above all else I think the key to feeling truly secure is your family. There’s nothing quite like having the protection of a family upon whom you can depend. And really, isn’t your family the reason you’re protecting your nest in the first place?
About Allstate Life InsuranceThe Allstate Corporation is the nation’s largest publicly held personal lines insurer. Allstate is reinventing protection and retirement to help more than 17 million households insure what they have today and better prepare for tomorrow. Consumers access Allstate insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies and Allstate Personal Financial Representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 Allstate®.
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I wrote this blog post while participating in the SocialMoms and Allstate blogging program, for a gift card worth $50. For more information on how you can participate, click here.
Photo credit: U.S. Geological Survey
Department of the Interior/USGS