Does Your Life Insurance Affect Your Life?

April 18, 2018

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Marriage, children, retirement – your life can change over time. But is your life insurance keeping up with these changes? A life insurance purchase isn’t “one and done” – your coverage should match your need for protection. Let’s look at a few scenarios.

  • Early in your career ― You may think you don’t need much – or any – life insurance at this point in your life, but it’s a good idea to be prepared should the unexpected happen. Visit our insurance calculator to help you determine how much coverage may be appropriate for you.
  • Marriage ― This is an excellent time for you and your new spouse to revisit your life insurance coverage to make sure you have an adequate amount. And don’t forget about any beneficiary updates. 
  • New family ― As your family grows, your life insurance may need to grow as well. Life insurance strategies can protect your family and finances from unpredictable risks: For example, if something were to happen to you, could your children still afford to pay for college?
  • Changing jobs, layoff or buyout ― If you carry life insurance through your employer, that coverage ends when your employment ends. Your financial advisor can help you decide whether you should purchase or increase coverage on an individual policy. 
  • Retirement ― If you don’t already own a permanent life insurance policy, you might want to consider purchasing one from Edward Jones. It allows you to build cash value that you can pass on to beneficiaries, tax-free.

Your financial advisor can look at your entire financial picture and savings goals, and help you figure out what’s best for your situation. From term life to permanent insurance options, Edward Jones offers a variety of plans that can cover you now and in the future.

Important Information:

Edward Jones is a licensed insurance producer in all states and Washington, D.C., through Edward D. Jones & Co., L.P., and in California, New Mexico, and Massachusetts through Edward Jones Insurance Agency of California, L.L.C.; Edward Jones Insurance Agency of New Mexico, L.L.C.; and Edward Jones Insurance Agency of Massachusetts, L.L.C.

More Resources:

Your Guide to Choosing Life Insurance

Perm or term: Which type of life insurance is right for you?

Funding Your Legacy with Life Insurance

All your life you've worked hard to provide for your family and the causes that are important to you. With a little planning, you can continue that tradition of caring after you're gone. Learn how life insurance could be the key to helping you achieve your legacy goals, particularly if you have specific wishes about leaving money or property to your heirs or charity.

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