Life insurance needs do not stay the same for an entire lifetime. Your needs ebb and flow as your needs change. At Palm Valley Insurance Inc. in Ponte Vedra Beach, FL, we have the information you need to make the right decisions about the amount of coverage you require.
When you change employment
One of the benefits that comes with many jobs is life insurance. If you are changing employment, you must check with your employer to see if you can continue to have life insurance by paying for it yourself. Before accepting that, you should compare the policy to what you can purchase on your own. Your new employer may also offer you life insurance. If that policy is adequate for your needs, you will be all set.
When you get married
When you get married, you will need to change the beneficiary of your life insurance policy, and with a new dependent, you may need to increase your life insurance. It may be that your spouse is not really dependent on your income, so this is an important consideration. If both incomes are required to maintain your lifestyle, that makes a difference.
When you have children
Once you have started a family, your life insurance needs increase exponentially. If something happened to you, how much income would it require to keep them in the life to which they have become accustomed? The age of your children and your income are both factors that need to be considered.
When you retire
Once you retire, your life insurance needs may decline along with your income.
Contact Palm Valley Insurance Inc. in Ponte Vedra Beach, FL when you want to review your life insurance coverage.