You have graduated from university and with a lot of determination and a little bit of luck, there’s a better chance today that you’ll be landing that coveted job. If you’re already employed, congratulations—you’re well on your way to establishing financial independence. Before you know it, you will be acquiring assets such as cars, laptops and cell phones. Welcome to adulting! You’re officially leaving behind mom and dad’s policies and venturing into the world, independent, confident and adamant to build and achieve your future goals.

While it may be surprising, there’s no better time than now—when you’re young and possibly single, to begin thinking about building and protecting your financial future. A good place to start is with insurance, in this case Short-Term Insurance so yes, adulting does mean thinking about getting insurance.

It is easy to feel like an adult when all is going smoothly but true ‘adulting’ comes into its own when adversity hits. It seems that every day we hear of family, friends and colleagues becoming victim of a crime or involved in a car accident. From the theft of a mobile phone, a fender bender accident or more seriously, a burglary.

These are all a part of the unpredictability of our lives. We often assume that accidents, burglaries and theft happen to other people, right up until the moment it happens to us. After the initial emotional upheaval of an accident or theft of any kind, comes the inevitable question of money and damages.
This is where Short-Term Insurance comes into its own. That’s right, insurance, something most young people never think of. It was always covered by the parents, but now living on your own, your parent’s home insurance might not cover your possessions any longer.

Short-Term Insurance encompasses all types of insurance other than life insurance. This includes vehicle, property, household, personal liability, and business insurance. Having moved into your own place, or maybe a shared place, you’ve probably acquired more things than you realise. A flat screen television laptop, smartphone, washing machine, your clothes and lots of other electrical equipment and maybe even some jewellery. Things you’ve worked hard for and are maybe still paying off.

By taking out Short-Term Insurance you cover the financial risks to your material possessions without paying large premiums. Tailor-made for your specific needs, as well as your budget. Spending money on insurance may seem like a waste, but if and when drama ensues, you will suddenly seem like the wisest adult in the room. True ‘adulting’ is about not seeking out adversity, but knowing how to handle it when it does strike.

Let’s face it, it also allows for great peace of mind as you know that whatever is around the corner, at least you won’t suffer financially.
This peace of mind will allow you to focus on your career and on climbing the next rung of the ladder towards success.
With Short-Term Insurance you can face situations and challenges like an adult and become the embodiment of real ‘adulting.’
For more advise on Old Mutual’s Young Professionals package speak to your Adviser or Broker today or SMS “Young” to 66527