20 Live Changing Event When You Need Life Insurance The Most

20 Live Changing Event When You Need Life Insurance The Most


Here are 20 life-changing events that may indicate a need for life insurance:


  1. Marriage: When you get married, you may want to consider life insurance to protect your spouse and any children you may have in the future.

  2. Birth of a child: Having a child is a major life event and can increase the need for life insurance to provide financial protection for your child in the event of your death.

  3. Purchase of a home: If you have a mortgage, life insurance can help ensure that your family will be able to pay off the mortgage and keep the home if something were to happen to you.

  4. Starting a business: If you own a business, life insurance can help protect your business partners and employees in the event of your death.

  5. Divorce: If you are going through a divorce and have children, you may want to consider life insurance to provide financial support for your children in the event of your death.

  6. Remarriage: If you remarry, you may want to consider life insurance to protect your new spouse and any stepchildren you may have.

  7. Retirement: As you approach retirement, you may want to consider life insurance to provide financial security for your spouse or other beneficiaries in the event of your death.

  8. Changing jobs: If you switch jobs, you may want to review your life insurance coverage to make sure it is still sufficient for your needs.

  9. Change in health: If you experience

  10. Change in insurance coverage: If you experience a change in your insurance coverage, such as losing employer-provided coverage or switching to a new insurance plan, you may want to review your life insurance needs and consider purchasing a policy to fill any gaps in coverage.
  11. Disability: If you become disabled and are unable to work, life insurance can help provide financial security for your family.

  12. Taking on significant debt: If you take on a significant amount of debt, such as a mortgage or student loans, life insurance can help ensure that your family will be able to pay off the debt if something were to happen to you.

  13. Loss of a family member: If you lose a family member who was providing financial support, life insurance can help fill that gap and provide financial security for your family.

  14. Change in family structure: If your family structure changes, such as becoming a single parent or caring for aging parents, you may want to review your life insurance coverage to make sure it is still sufficient for your needs.

  15. Change in income: If you experience a change in income, such as a promotion or salary increase, you may want to review your life insurance coverage to make sure it is still appropriate for your needs.

  16. Change in assets: If you experience a significant change in your assets, such as inheriting a large sum of money or selling a business, you may want to review your life insurance coverage to make sure it is still sufficient for your needs.

  17. Change in beneficiary: If you want to change your beneficiary, you may need to review your life insurance coverage and update your policy accordingly.

  18. Change in health status: If you experience a change in your health, such as a diagnosis of a serious illness, you may want to review your life insurance coverage to make sure it is still appropriate for your needs.

  19. Change in insurance needs: As you age, your insurance needs may change. You may want to review your life insurance coverage periodically to make sure it is still sufficient for your needs.

  20. Change in family responsibilities: If your family responsibilities change, such as taking on the care of a disabled family member,

Deepak Sharma

Deepak Sharma

Insurance Advisor / WealthGuard


  • My goal is simple, protect what is important to you. I focus my energy on discovering your exposure to risk and building a comprehensive plan to protect you against those risk.