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At NY Twin Bridges Insurance Agency in Albany, NY, we often talk with clients who understand the basics of life insurance—protecting your family, covering debts, and planning for the future. However, what many don’t realize is that life brings subtle changes that can have a big impact on your policy. Here are three lesser-known reasons it might be time to revisit your life insurance.
You’ve Taken on a Business Partner
If you’re a contractor running your own business, taking on a partner is a major step forward. But what happens if something happens to you or your partner? Your life insurance policy can be structured to protect your business continuity, helping buy out your partner’s share or ensuring your family isn’t left managing business responsibilities they didn’t sign up for.
Your Kids Are No Longer Financially Dependent
This is a positive milestone—but it also means your financial goals may have shifted. Perhaps your focus is now on leaving a legacy, covering estate taxes, or supporting a favorite cause. An outdated policy might not reflect these new priorities, leading to missed opportunities for smarter financial planning.
Your Health Has Improved
Believe it or not, a healthier lifestyle could mean better rates. If you’ve made significant strides—like quitting smoking or losing weight—you might qualify for a policy with lower premiums. Many people don’t realize they’re eligible for better coverage simply because their insurer hasn’t been updated.
At NY Twin Bridges Insurance Agency in Albany, NY, we’re here to help you keep your life insurance policy in sync with your life. Give us a call today to review your coverage and ensure it still fits your goals.
