Three Life Events that Necessitate Life Insurance

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Many people buy an insurance policy, set the payments to automatically be drafted from their checking account and rarely think about the policy again. This isn’t optimal since many people’s insurance needs change every few years. Here are three situations in which you should get life insurance, or increase the amount of your existing one:

 

  • When You Get Married- Soon after you say “I do” you need a policy to provide income for your partner, should you pass on unexpectedly.
  • When You Have A Baby- With each new addition to your family, your living costs will increase. Remember that even stay-at-home parents need life insurance.
  • When You Get a Raise or Promotion- As your income grows, so do your expenses. You’ll need to increase your policy so that it reflects your higher income.

 

For more information on life insurance or if you’ve gone through recent events that necessitate a life insurance policy, contact Wisconsin-based Sagen & Associates today. We are committed to serving the community by providing answers to your questions so that you can make an informed decision about the type of life insurance that’s right for your needs.