When should you review your life insurance coverage?

Life insurance is not a one-and-done type of insurance. Your needs will change over the years as different events affect your life. As you grow and your family grows, your life insurance needs also grow. At Manzanita Insurance in Prescott Valley, AZ we are here to help you to determine the right amount of life insurance for every stage of your life. 

When should you review your life insurance coverage?

When you get your first job

The first time you will probably need to review your life insurance is when you begin your working career. You may get life insurance as a benefit, but this is the time of your life to get a policy of your own that you control. If you are having trouble saving, getting a whole life policy will allow you to have the death benefit and also some savings. 

When you get married

Marriage is a big step in anyone’s life, and it is a time to rethink some of your financial decisions. Both you and your spouse need to sit down with your insurance agent and talk about your life insurance and what you hope to accomplish with it. Is it a saving vehicle or is it just a death benefit? 

When you have children

Children are a major commitment and responsibility for many years, and you need to consider how they will be cared for if you are no longer there. Does your current lifestyle require two paychecks to maintain? Then you will need to supplement what your spouse earns for many years. 

When you retire

At this point in your life, your final expenses may already be paid, you may not have debt and your need for life insurance may have greatly diminished. 

Get Life Insurance Today

Contact Manzanita Insurance in Prescott Valley, AZ with all your life insurance questions and needs.