At Bayshield Insurance, we aim to help our San Jose, CA clients better understand their insurance.
One of the common questions we receive about life insurance is when consumers should consider adding to or updating their policy. Here are five crucial times.
1. When Getting Married
Marriage brings with it new responsibilities. Life insurance can help ensure they are covered. If both spouses are contributing to the income, both should have sufficient life insurance to cover the loss of income, debts, and final expenses.
2. When Starting a Family
Life changes forever when you start a family. Protecting your income and covering your family’s future needs is crucial.
3. When You Buy a Home
A mortgage is a major obligation. When buying a home, ensure your life insurance is sufficient to cover your mortgage in case you are not around.
4. When You Get a Raise/Promotion
One way life insurance can fall behind is when it doesn’t keep pace with your income or lifestyle. A raise or promotion should prompt a review of your life insurance.
5. If You Start a Business
You can help ensure the longevity of your business by making sure you have adequate life insurance. Partners in a business can also protect each other’s interests through life insurance.
Get an Update Today
If you live in the San Jose, CA area and would like a life insurance review or price quote, please reach out to us at Bayshield Insurance. Whether you need to cover final expenses and debts or want to provide financial security for your family’s future, we’re here to help at Bayshield Insurance.
