When's the last time you reviewed your insurance coverage? It's a smart thing to do at least once a year. After all, even though life is full of uncertainties, one thing you can count on is change. As we get older, our lives and insurance needs change as well.
- Birth: Our first insurance needs may be taken care of by our parents—they provide us with health insurance and maybe even life insurance.
- The Teenage Years: When you get your driver's license, you need car insurance, whether you're driving your own car or your parents' car.
- On Your Own: When you move out for the first time, you are probably renting. Renters insurance is an affordable way to help protect your things if there's a fire or you're robbed. It also provides a little bit of liability protection, and it may even get you a discount on your auto insurance.
- Getting Married: When you get married, you may buy a house, so you'll need homeowners insurance. If you don't have life insurance, it's a good idea to get that now too so that if something happens to you, your spouse will be able to pay the mortgage and replace your income. This is especially important if you have kids and want to secure their future.
- Having Kids: Again, life insurance is important. A Junior Special Life Insurance policy guarantees your child will have the option to purchase additional life insurance at the age of 25 without having to pass a health screening test.
To protect your assets at whatever life stage you're in, contact your insurance agent for a personal review.