{"id":557,"date":"2024-05-15T04:00:00","date_gmt":"2024-05-15T10:00:00","guid":{"rendered":"https:\/\/www.think-ins.com\/blog\/?p=557"},"modified":"2024-05-09T10:58:12","modified_gmt":"2024-05-09T16:58:12","slug":"when-should-i-update-my-life-insurance-policy","status":"publish","type":"post","link":"https:\/\/www.think-ins.com\/blog\/when-should-i-update-my-life-insurance-policy\/","title":{"rendered":"When Should I Update My Life Insurance Policy?"},"content":{"rendered":"<p>Reviewing your life insurance policy is a task many people don&#8217;t often consider. Yet, it&#8217;s something that&nbsp;people should consider for specific circumstances and life-changing events in Pomona, CA. If you haven&#8217;t reviewed the terms of your life insurance policy lately, the agents at THINK Insurance &amp; Financial Services will gladly sit down with you to determine if you need updates.<\/p>\n<h2><strong>Schedule Updates as Your Life Changes<\/strong><\/h2>\n<p>Change is the only thing constant in life, so it makes sense that your circumstances will change. When a significant event happens, such as marriage, having or adopting a child, buying a house, divorce, getting a new job, receiving a promotion, or a substantial raise, you should re-evaluate your current life insurance policy. You&#8217;ll need to increase your coverage for many of these life changes to protect your family.<\/p>\n<p>Other circumstances that warrant a review include:<\/p>\n<ul>\n<li>Buying or selling a business<\/li>\n<li>Receiving an inheritance<\/li>\n<li>Having a loved one needing long-term care<\/li>\n<li>Becoming disabled<\/li>\n<li>Becoming an empty nester<\/li>\n<li>Retiring<\/li>\n<\/ul>\n<p>Another situation that many individuals overlook is a change in their&nbsp;health status. This change can work either way. A turn for the worse&nbsp;may have you questioning the need for additional coverage. An improvement like losing a substantial amount of weight or quitting smoking can result in a rate reduction.<\/p>\n<h2><strong>Consider New Coverage Not Previously Available<\/strong><\/h2>\n<p>Periodic reviews of your life insurance offer&nbsp;another advantage.&nbsp;You may be able to acquire additional coverage that wasn&#8217;t available when you first bought your policy. Don&#8217;t forget also to review your beneficiary designations.<\/p>\n<p>If you are unsure of what changes you need after a significant life change, THINK Insurance &amp; Financial Services serving Pomona, CA, can help. Contact our office today to get started on a policy review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reviewing your life insurance policy is a task many people don&#8217;t often consider. Yet, it&#8217;s something that&nbsp;people should consider for specific circumstances and life-changing events in Pomona, CA. If you haven&#8217;t reviewed the terms of your life insurance policy lately, the agents at THINK Insurance &amp; Financial Services will gladly sit down with you to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[8,9],"class_list":["post-557","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-pomona-ca","tag-think-insurance-financial-services"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/posts\/557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/comments?post=557"}],"version-history":[{"count":1,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/posts\/557\/revisions"}],"predecessor-version":[{"id":558,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/posts\/557\/revisions\/558"}],"wp:attachment":[{"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/media?parent=557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/categories?post=557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.think-ins.com\/blog\/wp-json\/wp\/v2\/tags?post=557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}