Life changes: Will your finances
A new marriage. A baby. A bigger home. When life changes, you need to make adjustments. There's
one adjustment that may not automatically occur to you: protecting your family's lifestyle.
You'll want to make sure your family would have enough income even if you weren't here to provide it. Here are some life-event situations to evaluate how well your life insurance coverage is keeping pace with your family's changing needs.
Births or adoptions
You want to be certain your new child or grandchild won't have to go without life's necessities. And with college costs skyrocketing, you'll want enough coverage to help fund your young one's future education.
Marriages and divorces
You may decide to increase your life insurance coverage when you marry to provide financial protection for your new spouse. If you have new stepchildren, consider their financial needs as well. In a divorce situation, you'll want to continue to provide financial
protection for your children.
Caring for a family member
Watching your parents age and lose their independence can be emotionally difficult. Life insurance benefits can help provide for an elderly parent — or special needs child — who depends on you for financial support.
Buying a home
Life insurance benefits can help keep your loved ones in the family home, especially if you still carry a mortgage.
Taking on new debt
You don't want to leave your spouse saddled with debt, so make sure your coverage is sufficient to pay off what you owe.
Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA and SIPC, Main Office: 2920 South 84th Street, Lincoln, NE 68506, 877-525-5727. Life insurance issued by Allstate Life Insurance Company, Home Office, Northbrook, IL. In New York, Allstate Life Insurance Company of New York, Hauppauge, NY.
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