Make Sure Your Life Insurance Policy is Sufficient for Your Needs

You may have a life insurance policy in place, but if it’s been a while since you looked thing over, it may be time to review your policy with an agent at Worgess Insurance. We can review your life insurance to ensure that all of your interests are properly covered. Here are some common reasons why it may be time to update your life insurance policy.

Marriage or Divorce – If your marital status changes, you should update your beneficiaries or adjust coverage to reflect your new family dynamic.

Having a Child – Every time you have a child or adopts one, you should add more coverage to provide for your children’s future needs.

Buying a Home – A home is a significant investment and your life insurance policy should be adjusted to cover mortgage obligations to protect your family if something tragic should happen.

Significant Change in Income – Whether you get a big raise or have to take less money in a new position, you should adjust coverage to match your new lifestyle and financial responsibilities.

Starting or Expanding a Business – You should update your life insurance to protect business partners, cover debts, or help fund buy-sell agreements.

Retirement Planning – As you near retirement, you should adjust coverage as financial goals shift from income protection to estate planning.

Loss of a Loved One – You should change beneficiaries if a primary beneficiary passes away.

Health Changes – You should reassess your life insurance coverage if health improves (to lower premiums) or worsens (to secure additional protection while possible).

Estate Planning – You should adjust your policies to manage inheritance, taxes, or charitable giving.

Policy Review Milestones – Many people check their policy every 3–5 years, even without major life changes.

If you need help reviewing your life insurance policy, contact the experts at Worgess Insurance. We’ll make sure your interests and family are protected.