8 Life Moments When It’s Time to Review or Buy Life Insurance

Life moves fast—and with each new chapter comes new responsibilities. One of the smartest financial moves you can make during these milestones is to buy or review your life insurance policy.

At Premier One Financial and Insurance, we help individuals and families across all life stages secure peace of mind through customized insurance planning. Whether you’re newly married or nearing retirement, here are 8 key moments when life insurance becomes essential.

You’re Getting Married

Marriage changes everything—especially financially. If you or your spouse rely on each other’s income, life insurance ensures the survivor isn’t left financially vulnerable in the event of an unexpected loss.

You’re Expecting a Child (or Just Had One)

Bringing a child into the world is joyful—and a big financial commitment. Life insurance helps cover future expenses like:

• Childcare

• Education

• Everyday living costs

You Just Bought a Home

A mortgage is usually one of your biggest financial obligations. If something were to happen to you, life insurance can cover your remaining loan balance, helping your loved ones stay in the home.

You Started a New Job or Business

A career move or new business venture may increase your income—or your financial obligations. It’s a good time to reevaluate:

• Your current policy’s death benefit

• Whether employer-provided coverage is enough

• If a personal policy could offer more flexibility or portability

You're Caring for Aging Parents

If you’ve stepped into a caregiver role, your life insurance should reflect your added responsibilities. If you were to pass unexpectedly, your policy could:

• Cover caregiving costs

• Pay for professional elder care

• Reduce the financial burden on other family members

Your Kids Are Heading to College

College is expensive—and even partial financial support from you can make a difference. A well-structured policy ensures your child’s education isn’t disrupted if something happens to you.

You Recently Got Divorced

Life changes dramatically after divorce. If children are involved or you’re required to pay alimony/child support, life insurance becomes a critical financial safety net.

You’re Nearing Retirement (or Already Retired)

Even in retirement, life insurance can play a valuable role:

• Covering final expenses

• Leaving a legacy or charitable gift

• Paying estate taxes

• Replacing lost pension income for a spouse

When Was the Last Time You Reviewed Your Policy?

Even if none of the above apply right now, it’s smart to review your policy every 2–3 years. Needs change. Laws change. You change.

Ask yourself:

• Do I have enough coverage?

• Are my beneficiaries up to date?

• Does my policy type still fit my goals?

Let’s Talk About Your Life Stage—and Your Life Insurance

At Premier One Financial and Insurance, we tailor solutions to your current needs and future plans. Whether you’re just starting out or updating an old policy, we’re here to help you make informed decisions with confidence.

Contact us today to schedule a free life insurance review or get a personalized quote.

Premier One Financial and Insurance – Protecting Your People, Your Plans, and Your Peace of Mind.