Life insurance is not something that stays the same for your entire life. It changes as the events in your life change your personal situation. At Family Insurance Associates in Ruidoso, NM, we get to know our clients and what is happening in their lives so that we can better help them have the life insurance they need.
When You Change Employment
For many people, the first life insurance they ever have is provided by their employer. This is a great benefit, but it shouldn’t be your only life insurance. Changing employers changes your life insurance, and you could spend several months without coverage. You should would be best if you always had your own life insurance, not connected to an employer.
When You Get Married
When you get married, your life becomes about you and your spouse. Making sure that they are able to maintain the lifestyle that the two of you together have established. This most likely requires both of your incomes, making it essential that you have in place a financial plan that makes this possible.
When You Have Children
Children change everything about your life. This is a comcommitmentor as long as 20 years or more. Providing for their childhood years and into college is a huge commitment. You need to take a serious look at how many years and how many children you have when determining the amount of life insurance you need.
When You Retire
When you retire, your need for life insurance changes significantly, and other types of insurance may be better suited to your current situation.
Give our office a call at Family Insurance Associates in Ruidoso, NM to update the amount of life insurance that you have.
