Life Insurance Questions & Answers: Life Events
Life Events Q&A
Showing 4 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?
This depends on how the policy was structured in the beginning. If spouse a is the insured and spouse B is the beneficiary, then nothing is required to change. If there is insurable interest among the parties and premium costs are shared or determined as to who will pay it
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.
At what age should someone start thinking about life insurance?
I don't look at age as much as I look at liabilities. If you have dependents, debt, or assets, you likely need some type of policy in place, regardless of how old you are. For most people, that reality tends to hit in their 20s or 30s, but everyone's situation is different, which is why I focus more on your current needs than on an age number.Browse Other Questions & Answers
How Life Insurance Works (36) New to Life Insurance (22) Rates and Costs (21) Coverage (20) Eligibility (20) Financial Planning (17) Advice for Beneficiaries (14) Term Life (10) Whole Life (9) Advice for Families (9) Riders and Addons (5) Life Events (4) Universal Life (3) Retirement (2) Final Expense (2) Agent Interview (1)Have a Life Insurance Question of Your Own?
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