It’s easy to buy a life insurance policy and forget about it. But your life changes over time, and so do your insurance needs. That’s why it’s essential to review and update your policy regularly.
With these developments in their lives, residents in Ankeny, IA need to consider increasing coverage to meet their extra responsibilities.
Updating Your Life Insurance Coverage
Buy a House
If you’re like most people, your biggest asset is your home. You’ve probably worked hard to pay off your mortgage and want to ensure your family is taken care of if something happens to you. An increase in coverage can help ensure they’re not left with debt.
Get Married or Add a Partner
When you say "I do," your life insurance needs to change. You now have someone who is depending on you financially. If you’re in a long-term relationship but not married, your partner may still rely on you for financial stability. Make sure your coverage is enough to support them if something happens to you.
Maschoff Insurance Agency can help you find the life insurance policy that fits your needs and budget.
Have a Baby
A new baby means lots of additional expenses. From diapers and formula to childcare and college tuition, you want to ensure your child is taken care of if something happens to you. Review your policy and ensure you have enough coverage to support your family.
Some employers offer life insurance as a benefit, but the coverage might not be enough. You may need to update your life insurance coverage if you change jobs. You may need to purchase a policy if you’ve switched to a position that doesn’t offer life insurance.
Give Us A Call
Contact Maschoff Insurance Agency in Ankeny, IA to review your life insurance coverage. We can help you find the right policy to protect your family.