Life insurance can easily be forgotten about. However, there are some situations in which you may want to change your life insurance policy. Keep these signs in mind if you think it may be time to reevaluate your life insurance policy.
- The number of dependents you have has changed. If you have children or get married, you now have more people who depend on your income. You may want to increase your life insurance policy to ensure they are protected in case of your passing.
- Your child becomes disabled. If your child is no longer able to be self-sufficient, make sure you have enough life insurance that will provide for them when you pass away.
- You pay off a mortgage. You may want to decrease the amount of life insurance coverage you have if you pay off your mortgage, since your loved ones will no longer have to worry about paying it off.
- You have taken on significant debt. If you have taken out student loans or a mortgage, you will want to increase your life insurance to cover your debts in case of your death.
For all of your life insurance needs in the Spokane, Washington area, contact Accurate Insurance, Inc.