Life insurance is one of the most important things people do to protect their loved ones. Nobody likes to think about their death, but if you do pass away, life insurance will take care of those you love. Life insurance needs to change over your lifetime, and some events require you to reassess the amount and type you have. Your insurance agent can help you out, and in Jacksonville, FL, 925 Partners is the one to call to make sure your life insurance meets all your needs.

Buying life insurance for yourself should begin when you get your first job. Your employer may provide some life insurance, but you should also get some yourself, so you never lose your coverage if you change jobs. The next life event requiring a rethink of your life insurance is the purchase of a home. If you have a mortgage, you don’t want to leave your family holding the bag. Having enough life insurance to cover your mortgage will take care of that.

Getting married is a significant life event, and part of your role in a marriage is to be sure your partner is always provided for. This goes for either partner, and making sure the name of the beneficiary on your policy is changed is also important.

When you welcome a child into your family, you start to think about the future. That future may include college for this child, and life insurance can help you to plan for that major financial event.

As you get ready to retire and look to your golden years, it is time to reevaluate what part your life insurance plays in your retirement.

Many life events happen and result in changes to your life insurance. 925 Partners in Jacksonville, FL will help you to determine the best way to make your life insurance work for you. Give us a call or stop by the office for a quote.

Do you have kids? Our 925 Partners team in Jacksonville, FL has put together a list for moms and dads regarding life insurance. Here are four reasons every parent needs to invest in life insurance.

Reason #1: Funeral Expenses

Perhaps the most important reason for parents to get life insurance is for funeral expenses. The cost to bury or cremate a loved one can easily be in the thousands—a cost that a grieving spouse and children might not have without a life insurance policy.

Reason #2: Loss of Income

In most cases, the loss of income of the parent who has passed away is a big deal for a family. Thankfully, the lump sum from the life insurance policy could be used to help pay the mortgage, keep up with utilities, or otherwise allow the same standard of living until additional arrangements can be made.

Reason #3: Replace the Value of a Stay-at-Home Parent

What about stay-at-home parents? Do they need life insurance, too? The answer is, yes! A parent that manages the household and watches the children is harder to replace than one that works for an outside company. Having a policy on hand can help you afford additional help, such as babysitters or cleaning services, to help temporarily fill the void while your family gets used to a new sense of normal.

Reason #4: College Expenses and Savings for the Children

Another reason to have life insurance is for college expenses and savings for the kids after the death of a parent. The funds from a life policy can be set aside to fund these hefty future expenses, creating a better future for the child even though they no longer have a living parent.

Of course, these are just a few of the many reasons why parents should have some form of life insurance. There is a variety of options when it comes to a policy.

Ready to learn more? Contact our team at 925 Partners in Jacksonville, FL to schedule your no-obligation coverage review appointment.