Like many other types of insurance, life insurance is not something that is one and done. It needs to be reviewed at certain points in your life to ensure it provides the amount of protection you need in the next few years. At Oliver Insurance in Canby, OR, our insurance experts have years of experience providing our customers with the personalized service they expect from an independent insurance agency.
Certain life events trigger the need to review your life insurance.
Changing employers
This may happen many times over a lifetime, so it is best to be prepared to do it. You may have life insurance as part of a benefits package. Employer-provided life insurance should never be your only life insurance, it should be supplemental.
Getting married
When you add another person to your life, you need to look at your life insurance coverage to determine whether it is now adequate to provide the protection you require. You also need to change the beneficiary on any policies that you currently have.
Buying a home
Owning a home comes with many new obligations, including paying off a mortgage if anything should happen to you. You don’t want to leave your loved ones holding the bag because of your decision. Talk to your independent insurance agent about ways to keep your family safe.
Having children
Children add the most need to your future plans. If you passed away tomorrow, how would your spouse manage, and would your children be able to stay in their current home and enjoy their current lifestyle even though you are no longer with them? You need to consider how long you need to provide support.
Contact Oliver Insurance in Canby, OR when it is time to review your life insurance.
