Protecting your family is easier than you may think, make sure you mark the key moments of your life
We all experience moments where we may stop and think about the importance of life, and how thankful we are for family, friends and close ones. As many do, you may wonder what the best ways are to protect your loved ones, especially your family.
With life insurance, you have the peace of mind knowing that your family will be safe and protected no matter what happens to you.
But when is the right time to buy life insurance? There isn’t really one answer, as there are several times throughout your life when it’s important to consider purchasing a life insurance policy. We’ve put together a few important life milestones when you or someone you know may want to look at a life insurance policy:
Graduation or starting a new job
As you or someone you know begins venture out on into what is known as “the real world,” there are probably lots of questions that will need to be answered. For many, it’s the first time that they will be faced with things like paying bills, living on their own and handling all things insurance-related. For many young people, this time is a great time to set up a life insurance policy rates will typically be cheaper the younger you are.
You’ve tied the knot with your partner (congratulations!) – so what's next? After getting married, you’re going to want to revaluate a lot of things such as your bank accounts and car insurance. But what about life insurance? Now that you have a spouse, it’s an ideal time to consider a life insurance policy, and if you already have one, you’re going to want to also add this to the list of things that you’re going to want to revaluate now that you’re married.
Having one or more kids is a huge step for anyone. As a parent, one of the most important things to you will be protecting them and making sure they’re safe. A simple and affordable way of doing this would be purchasing a life insurance policy for yourself and/or for your partner.
Preparing for retirement or kids moving out
Will you be an empty-nester in the near future? Now more than ever is it a great time to consider a life insurance policy for yourself. As your children either are about to be or are already on their own, you’ll want to make sure that there’s enough protection for them.