Life Changes—So Should Your Insurance
Life is full of milestones, and each one can change your insurance needs. From starting a family to buying a home or changing careers, it’s important to review and adjust your coverage to protect your loved ones, assets, and financial future.
1. Marriage
- Combine health, auto, and life insurance policies for better coverage and potential savings.
- Update beneficiaries on life insurance and retirement accounts.
- Consider umbrella policies to protect shared assets.
2. Starting a Family
- Add or update life insurance to protect your children and spouse.
- Increase health insurance coverage to include maternity, pediatric care, and preventive services.
- Review disability insurance to protect your income.
3. Buying a Home
- Update homeowners insurance to reflect the value of your new property.
- Consider adding coverage for valuable items, natural disasters, or liability risks.
- Mortgage lenders often require sufficient insurance coverage.
4. Career Changes or Starting a Business
- Review professional liability or business insurance if your work involves risk or clients.
- Update auto insurance if you use your vehicle for work purposes.
- Ensure health, disability, and life insurance align with your new income and lifestyle.
5. Retirement
- Evaluate life insurance needs—do you still need the same coverage?
- Consider long-term care insurance to protect your assets.
- Adjust property and liability coverage for downsizing or relocating.
Why Regular Reviews Matter
Life events can increase or decrease risk exposure. Regularly reviewing your policies ensures you:
- Don’t pay for coverage you no longer need
- Maintain adequate protection for your changing life circumstances
- Avoid gaps in coverage that could leave you financially vulnerable
Bridgeway Insurance Group Can Help
We guide clients through life’s milestones, making sure their insurance adapts as their needs change. From personal to business coverage, we help you make informed decisions for every stage of life.
Bridgeway Insurance Group - Insurance that grows with your life.