When should you review your life insurance?

Life insurance is a very personal decision and what is right for someone else can be all wrong for you. Life insurance needs to be personalized to fit your particular life circumstances. That changes over time and needs to be reviewed. At Allkane Insurance in Stamford, CT we take the time to get to know our customers so that we can make the right suggestions when it comes to the type of coverage that is right for them. 

Reviewing Your Life Insurance: What You Need To Know

Changing employment 

When you change your job, which most people do regularly, it can affect your benefits. Life insurance is often part of a benefits package. If this is the only life insurance you have, you could potentially be without coverage for a time. It is a good idea to have at least one life insurance policy of your own. You should have control of your life insurance, not your employer. 

Getting married 

While many marriages today are partnerships, rather than one partner being dependent on the other, it is still a good idea to have life insurance for each other. Most households count on both incomes to function at their best and doing without one could make it impossible to pay a mortgage. Change the beneficiary on any policies you had before you got married. 

Having children

When they say children change everything, they aren’t kidding. It’s time for long-term planning to make sure that you can protect them for over 20 years of their lives. Depending on what your income is and how many children you have, this can be quite a major investment. Talking to your insurance professional is vital to make sure you get it right. 

Contact Us Today

Contact Allkane Insurance in Stamford, CT, when it is time to review your life insurance. As independent agents, our team can offer you more choices and rates that suit your budget.