Earlier this week we talked about how a marriage can change your life insurance needs. Today we will touch on how switching jobs effects on your life insurance needs. One way is if you have life insurance through your job. Typically when you leave that job your benefits do not go with you. On the surface that may look like no big deal, you can just apply and get a new policy. What if you are a little older or have some health issues? This could make getting new life insurance difficult and costly. If you have life insurance through your job it is a good idea to get quotes on a life insurance policy outside your job, that way you can lock in a lower rate while you are younger and healthier. If you have term life insurance through your work, you might want to consider whole life or universal life to round out your portfolio. These policies have some different benefits that can make them a great addition to a current term policy. Another way that changing jobs may affect your life insurance needs is the amount of money you are making. Are you switching jobs for a significant pay raise? Will that pay raise bring with it more debts? Is a new bigger house in your future? If so you want to make sure you have enough life insurance in the event of your death. Have more questions about life insurance or how changing a job can affect your insurance needs? Give us a call at 412-344-2800 and let us discuss your needs. While you are here, let us quote your home and auto insurance to see if we can give you a discount for having life insurance?
