How Life Insurance Shields You from the Storm of Unexpected Events

What if you could make “expect the unexpected” your life’s motto? 

The average person cannot predict everything that the future will throw at them. However, you can prepare for most major eventualities by getting good life insurance. 

Life has a way of changing at the most unexpected times: Will you have the resources to face whatever happens? If you are ready to start preparing for tomorrow, keep reading to discover how life insurance shields you from unexpected events! 

What Exactly Are “Unexpected Life Events”? 

When someone takes out life insurance, they usually take certain factors into consideration. For example, they may want enough coverage to help a surviving spouse pay the mortgage or enough coverage to safely pay for their children’s college education. 

However, unexpected life insurance events may cause you to get further coverage or perhaps take out a policy for the first time. When that happens, it’s important to take out the policy sooner rather than later. Generally, coverage will always be cheaper when you are younger and in better health, so waiting too long may raise the costs of your policy. 

What Qualifies as a Life Event for Insurance? 

Examples of unexpected life events or major milestones that prove you need life insurance include getting married, having children, and, unfortunately, sadder ones such as a devastating illness diagnosis. Other similarly important events include getting divorced, getting a new job, or even retiring. There are many reasons you may want to get or extend your coverage at different points as you get older, but most of them boil down to very significant life changes. 

For instance, someone who never anticipated getting married may do so and then want to protect their partner in the event of unexpected death. Or a couple who never thought they would buy a house may end up buying the home of their dreams, and they want at least one partner to have a policy that can cover the remaining cost of the home. Likewise, couples that have children after previously ruling that out will want to have coverage that can pay for things like the cost of college or even a starter home for their children. 

Protecting Your Legacy with Life Insurance 

Some of the examples mentioned above may seem confusing at first. For example, if your children are all grown up and the house is paid off, life insurance may not seem necessary. However, a good policy is still important once you realize the other ways that your coverage can help you and your family. 

For example, it is possible to name one or more grandchildren as beneficiaries of your policy, and that can help them get a head start by ensuring that their college educations, start in the business world and/or first homes are covered. As for you and your spouse, you should know that a whole insurance policy instead of a term life policy can help with your retirement planning, especially if you need to supplement income from Social Security or your pension. 

How to Update Your Life Insurance Coverage 

When you need to update your insurance, there are several ways to do so. If you just need to change your beneficiary, you simply need to contact your carrier and make the change. If you wish to get an additional policy, you can also talk to  your neighborhood agent. 

However, it is worth considering that life insurance is like any other type of coverage: You can usually get a better deal by shopping around and seeing what different carriers have to offer. By doing your homework now, you’ll know who to turn to when major events happen, effectively allowing you to expect the unexpected. 

Prepare for the Unexpected by Getting the Best Life Insurance Today! 

Now you know how life insurance can help with unexpected events. But do you know where to find the kinds of amazing coverage and service you could never expect? 

At InsureOne, we know how crazy things can get and we are here to help you expect the unexpected. Whether you need a brand-new policy or just need additional coverage, we are ready for you to get a quote online. Alternatively, you can pick up the phone and give us a quick call at 800-836-2240. Finally, feel free to come into one of our convenient nearby offices and we’ll be happy to help you out!