Life-Changing Events When You Should Consider Life Insurance Planning
Nicole Gumm Groseclose • June 11, 2025
Life-Changing Events When You Should Consider Life Insurance Planning
I’ve been in this business long enough to know that most people don’t wake up one day thinking, “I should buy life insurance.” It’s usually a life event—something big and meaningful—that triggers the realization: I need to protect what matters most.
Whether it’s getting married, having your first child, or buying a home, certain milestones in life are powerful reminders that it’s time to plan for the future. I want to share a few of the most common moments when my clients reach out—and why they’re so important for life insurance planning.
Marriage: Protecting Your Partner
When you get married, you’re not just combining your lives—you’re also combining your finances, goals, and responsibilities. If something were to happen to you, would your spouse be okay financially? Life insurance helps ensure your partner doesn’t have to shoulder everything alone, especially during a time of grief.
Buying a Home: Cover the Mortgage
A new home usually comes with a big mortgage. If you were no longer here, would your family be able to keep the home? Life insurance can be used to pay off the mortgage and provide financial stability during an emotionally difficult time.
Birth or Adoption of a Child: Their Future Depends on You
Nothing changes your perspective quite like becoming a parent. Whether it’s formula and diapers now—or college tuition later—life insurance can help ensure your child’s needs are met no matter what happens. For many of my clients, this is the moment they realize they need to take action.
New Job or Pay Raise: Reassess Your Coverage
A better job often means bigger responsibilities—and a more expensive lifestyle. It’s the perfect time to evaluate whether your current life insurance coverage still fits your life. I often tell clients: as your income grows, so should your protection.
Becoming a Caregiver: Supporting Parents or Relatives
If you're helping care for an aging parent or family member, your life insurance plan should reflect that responsibility. If something were to happen to you, could they continue to receive care or support?
Divorce or Life Transition: Update Your Plan
Life can take unexpected turns. Divorce is one of those moments when you should review your policy, update beneficiaries, and make sure your new situation is reflected in your life insurance strategy.
Starting a Business: Protect Your Investment
If you’re a business owner or entrepreneur, your income—and your business—may depend entirely on you. Life insurance can protect your family and your business from financial fallout in the event of your passing.
It’s About More Than Just Coverage
Life insurance isn’t just a policy—it’s peace of mind. It’s knowing that no matter what happens, your loved ones will be protected. It’s a safety net during life’s most unpredictable moments.
Don’t let myths hold you back from making a smart financial decision. If you have questions or need guidance, speak with a trusted financial professional to explore your options. Life insurance is more accessible and beneficial than you may think, and taking action today can make all the difference for tomorrow.
Ready to secure your financial future? Contact us today to discuss the best options for you and your family!
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