Life Insurance Questions & Answers: Life Events
Life Events Q&A
Showing 5 questions
What happens to my life insurance if I change jobs?
If your life insurance benefit is through your employer most of the time you loose that benefit although some cases you can take it with. If you have your own policy outside of your employer that is always yours and you do not loose that as long as premiums are paid.
What happens to your life insurance policy in a divorce?
It depends on your divorce agreement and policy ownership. You may need to update your beneficiary, keep coverage to meet court-ordered obligations, or transfer ownership. Review your policy after a divorce to ensure it reflects your current wishes.
How often should someone review or update their life insurance policy?
Review it at least once a year—and after major life changes such as:✅ Marriage or divorce
✅ A new child
✅ Buying a home
✅ Income or job changes
✅ Retirement
✅ A beneficiary change
Regular reviews help ensure your coverage still protects the right people for the right amount.
Should I get life insurance before or after having a baby?
Before, honestly. Get it locked in while you're pregnant if you can, rates are based on your health at the time you apply and a lot of new moms end up dealing with stuff postpartum that can complicate underwriting or bump up your premium. Waiting until after the baby's here also just means one more thing on your plate during a chaotic few months. If you want to run numbers before the due date I can get you quotes nice and quick.
At what age should someone start thinking about life insurance?
There isn't a set age when someone should start thinking about life insurance. However, if someone is old enough to ask this question, they are old enough to think about life insurance. There are many variables, of course.Folks who are about to have a new child, buying or building a home, between jobs, don't have enough life coverage with their current job, etc--at ANY age--can consider life insurance.
If someone is thinking about life insurance for themselves, it's a good idea to consider getting covered when you are young. Premiums will be lower and whole life policies will maintain a static premium as long as they are paid (and build cash value).
As many parents will have policies on their children until they are adults (and beyond frequently), many people will start thinking about a policy for themselves when they begin to become more autonomous.
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How Life Insurance Works (43) New to Life Insurance (29) Rates and Costs (28) Coverage (24) Financial Planning (24) Eligibility (23) Advice for Beneficiaries (17) Whole Life (13) Advice for Families (11) Term Life (10) Agent Interview (7) Life Events (5) Riders and Addons (5) Retirement (3) Universal Life (3) Final Expense (2)Have a Life Insurance Question of Your Own?
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