It’s not just a house;
it’s your oasis; the place
where memories are made.
Protect your home and loved
ones with custom insurance
packages you can trust.
Think
Home
Insurance
6. Moving home.
Reevaluate where you live: if you live
in a one-bedroom apartment, chances
are you are going to be moving. As your
family grows, your home might have to
as well: it pays to factor this into your
budgeting.
7. Protect you child.
Insurance, insurance, insurance. Once
you give birth, register your child onto
your health insurance plan and make
sure you understand the cost and what
is and isn’t included. Another impor-
tant component for protecting your
child is getting additional life insurance
for yourself to ensure there is no finan-
cial impact on the child if something
happens to you.
8. Expect the unexpected.
Prepare financially for emergencies. Try
to set aside enough money to cover 3 to
6 months’ worth of expenses – life deliv-
ers unpleasant surprises sometimes.
9. Write a will (estate planning).
Protect the survivors: death can cause
financial ruin to those closest to you
if you do not create a legal document
outlining all your wishes.
10. Planning for your retirement.
Just because you are starting a family,
doesn’t mean you shouldn’t think of
the end game; you must plan and start
saving for your retirement as well. Start
putting additional voluntary contribu-
tions into your pension plan – whether
it is an extra 1 or 2% per month, a little
will go a long way.
The most important financial tip of all:
create a plan and implement it!
Carla Seely is the Vice President
of Pension and Investments at
Freisenbruch-Meyer. If you would
like any further details, please
contact her at cseely@fmgroup.
bm or call +1 441 297 8686.
Think
Monday - Friday
9 a.m. to 5 p.m.
75 FRONT STREET
HAMILTON HM 12
BERMUDA
T• 441.296.3600
F• 441.295.6209
[email protected]
www.fmgroup.bm
www.mybermudaparent.com
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