Covenant Insurance, serving the greater Pooler, GA area, can help you with all of your life insurance needs. One of the misconceptions that we often hear people say pertaining to life insurance is that once you have a policy, you never need to worry about it again. However, your life can change and your current life insurance policy may no longer meet your needs and may need to be increased or decreased. This may leave you wondering how frequently you should reassess your life insurance policy.
Here are some times when to reassess your life insurance:
After a Major Life Change
Major life changes should cause you to sit back and reassess your life insurance policy and determine if your current policy meets your needs. Major life changes include getting married, having a new child, or purchasing a new home. Your life insurance policy will likely need to increase after these changes, as you want to ensure your family is protected in the event you unexpectedly pass away, and that there is enough money to financially cover your family.
When Your Income Drastically Changes
Another time when you will want to reassess your current life insurance policy is when your income changes. If your income goes up significantly or decreases significantly, you may need to take another look at your life insurance policy. Many people lower their coverage amount once they retire or increase it once they make more money.
Give Us A Call
Your current life insurance may not work for you throughout the course of your life. Your life may change and you may find that you need to increase or decrease your life insurance policy based on those major changes in your life. Here at Covenant Insurance, we can help residents in the greater Pooler, GA area get the life insurance policies they need. Reach out to us today to get started.
