Your life insurance is a safety net for your family in case of your death. The people who rely on you most need to know that they are financially secure no matter what the future holds. But life insurance is not the type of coverage you purchase once and forget about. If any of the following six circumstances have happened to you, it may be time to visit your McKinney insurance agent for a re-evaluation of coverage.
- You had a child.
- You got a divorce.
- Your spouse or child develops a disability.
- You have accumulated debt.
- You have paid off large sums of debt, such as a mortgage.
- Your policy was purchased before 2009, when premiums were based on outdated life expectation tables.
All of these circumstances can change today’s coverage needs. Here at Gant Insurance Agency, we can help you navigate your ever-changing insurance needs, whether that means increasing or decreasing your coverage. Even if these circumstances do not apply to your family, it is still wise to periodically evaluate your coverage and make changes as needed. For more information about life insurance in McKinney, contact Gant Insurance Agency today.