Your life insurance needs may change without you even realizing it. Maybe you bought a policy years ago and never thought about it again. Or maybe you don't have life insurance at all, but now you're thinking you need it.

When something big happens in your life, your financial needs often change...and so should your life insurance. You might need more coverage, less coverage, or even a different type of coverage. I'm here to help you go through all your options. But first, let's take a look at the big life moments that usually mean a big financial change is on the horizon.

Did You Get Married?

When you were single, you probably didn't think about life insurance at all. But now you're married. You have someone who depends on you. If one of you passed away unexpectedly, the other spouse might need help paying off debt or just meeting day-to-day expenses.

So how much coverage do you need? That depends. Life insurance isn't a one-size-fits-all kind of purchase. Your policy amount will depend on your income, debts, and financial goals. You might have a little bit of insurance from work already. But these policies are usually very small (often $10,000 or less) and won't help pay for much more than final expenses. If you're young, healthy, and don't smoke, it'll be very easy for you to buy a more comprehensive policy at an affordable rate.

Did You Have a Baby?

It's one of the biggest changes you'll ever go through in your life. Having a baby means it's time to take another look at your life insurance needs. It's not just your financial security at stake anymore. All parents should have life insurance, including married, single, and stay-at-home parents. Should anything happen to you, life insurance will help your family pay the mortgage, child care, car payments, and more. It can also help you provide for your child's future, including a college education. Even if you already have life insurance, you should double-check your coverage amount and consider adding more. Every time you have a child, you should increase your coverage amount to make sure each one is adequately provided for.That's what being a responsible parent is all about!

Did You Get a Divorce?

During a divorce, there's a lot of financial uncertainty. You have to think about what protection you and your kids need in the future. If you're going to be raising a child on your own now, it's even more important that you provide for your child if you pass away. It might be time to increase your life insurance coverage. It's probably also a good idea to take a look at your beneficiary list. If your ex is still listed, decide whether that's appropriate for your situation. Life insurance ownership and obligations may be a part of your divorce settlement, so be sure and bring up this possibility with your attorney.

The bottom line happens in a heartbeat! It's a good idea to step back and re-evaluate your needs from time to time.

Need to make a change to your existing policy - or buy your first? Email me or give me a call today!