At Bayshield Insurance, we strive to help our clients in San Jose, CA, better understand their insurance.

A frequently asked question we encounter about life insurance is when individuals should consider enhancing or updating their policy. Here are five pivotal moments.

1. Upon Getting Married

Marriage introduces new responsibilities. Life insurance can help ensure these are taken care of. If both partners contribute to the income, both should have adequate life insurance to cover loss of income, debts, and final expenses.

2. Upon Starting a Family

Life takes a significant turn when you start a family. Safeguarding your income and catering to your family’s future needs becomes paramount.

3. Upon Buying a Home

A mortgage is a significant commitment. When purchasing a home, you should ensure your life insurance is sufficient to cover your mortgage in case you are no longer around.

4. Upon Receiving a Raise/Promotion

Life insurance can become inadequate if it doesn’t keep pace with your income or lifestyle. A raise or promotion should prompt a review of your life insurance.

5. Upon Starting a Business

You can contribute to your business’s longevity by ensuring you have sufficient life insurance. Business partners can also safeguard each other’s interests through life insurance.

Update Today

If you reside in the San Jose, CA, area and would like a life insurance review or price quote, please contact us at Bayshield Insurance. Whether you aim to cover final expenses and debts or provide financial stability for your family’s future, we’re here to help at Bayshield Insurance.