Did you know that if you can provide proof of good health, you may be eligible for more coverage?
At this age, you know the risks of not protecting yourself, but you might not have done anything about it yet. Sure, you’re still young, but you’ve got real responsibilities.
The kids may be going to college or graduate school. Could they afford college without your financial support?
You have a mortgage and home maintenance to take care of. Could your family afford to live there without you?
Check your life insurance coverage to see if it meets your family’s needs at this point in time.
Reassess your life insurance policy to ensure it can cover your final expenses. Life insurance can mean peace of mind for you – and for your loved ones should you pass away.
Include significant others, parents, children, and any other family members.
You are moving up the ladder – but when your income increases, your spending usually increases too. It is a good idea to re-assess your life insurance coverage whenever your income rises so that if something unexpected were to happen to you, you can help your family maintain their current lifestyle.
Most of your debts are likely minimal at this point and you have the future planned out. If something unexpected were to happen, a life insurance policy could help supplement income for a surviving spouse. You might also want to provide a charitable gift for a local nonprofit you are actively involved in.