{"id":3451,"date":"2023-09-04T08:46:00","date_gmt":"2023-09-04T15:46:00","guid":{"rendered":"https:\/\/www.insureone.com\/knowledge-center\/?p=3451"},"modified":"2025-05-05T15:16:27","modified_gmt":"2025-05-05T22:16:27","slug":"when-to-buy-life-insurance","status":"publish","type":"post","link":"https:\/\/www.insureone.com\/knowledge-center\/life\/when-to-buy-life-insurance\/","title":{"rendered":"6 Major Life Milestones That Prove You Need Life Insurance"},"content":{"rendered":"\n<p>Everybody knows that it\u2019s important to have life insurance. But how do you know when it\u2019s finally time to buy coverage?&nbsp;<\/p>\n\n\n\n<p>The truth is that there is no magical \u201cperfect time\u201d to buy <a href=\"https:\/\/www.insureone.com\/term-life-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">life insurance<\/a>. That said, there are certain major events in a person\u2019s life that should make them reevaluate whether it\u2019s time to buy the coverage they\u2019ve been thinking about getting.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. Getting Married<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Marriage and life insurance go together like peanut butter and jelly. Why is that, though? It\u2019s simple; the basic purpose of this coverage is to make sure your loved ones are taken care of if you should unexpectedly die.&nbsp;<\/p>\n\n\n\n<p>Once someone becomes a part of your life, it\u2019s important to make sure they have the financial protection they deserve if you are suddenly taken away from them. By <a href=\"https:\/\/www.insureone.com\/knowledge-center\/life\/shopping-for-life-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">shopping around<\/a> and finding the best carrier, you can enjoy your \u201chappily ever after\u201d with your partner without having to worry too much about what will happen to them if you are gone.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Getting Divorced<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Sadly, \u201chappily ever after\u201d doesn\u2019t always work out, and far too many marriages end in divorce. And believe it or not, the period after you are divorced is one of the most important times to start looking into life insurance. Why is that? Because your financial obligations may have changed in some fairly dramatic ways.&nbsp;<\/p>\n\n\n\n<p>For example, if you get the house in the divorce, chances are that you\u2019re not worried about your former spouse ever getting it. But if you want to leave the house to a child, it\u2019s important to make sure that it is paid off. Otherwise, the big inheritance you were planning on leaving your kids may just amount to a big pile of debt.&nbsp;<\/p>\n\n\n\n<p>With the right life insurance, though, you can make sure the house is paid off. Furthermore, if you are worried about what will happen to your ex and your kids if things like alimony and child support are cut off, you can simply <a href=\"https:\/\/www.insureone.com\/knowledge-center\/life\/how-to-choose-life-insurance-beneficiaries\/\" target=\"_blank\" rel=\"noreferrer noopener\">name them as beneficiaries<\/a> in your policy.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Buying a House<\/strong>&nbsp;<\/h2>\n\n\n\n<p>One of the other major life insurance milestones is something we have already discussed, and that is buying a house. For most people, this is the most expensive purchase they will ever make, and it will take anywhere between 15 to 30 years to pay off the mortgage and truly \u201cown\u201d the home.&nbsp;<\/p>\n\n\n\n<p>Which means that if you were to suddenly pass away, it could leave your spouse unable to pay for the house on their own. They could end up losing everything that you have worked for so long to achieve. But if you consider buying a home and buying life insurance at the same time, you don\u2019t have to worry about that happening. And you\u2019ll have peace of mind knowing\u00a0 <a href=\"https:\/\/www.insureone.com\/knowledge-center\/life\/why-every-married-couple-needs-life-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">your spouse<\/a> and the rest of the family can enjoy growing up and growing old in the house that you always wanted them to have.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/www.insureone.com\/knowledge-center\/wp-content\/uploads\/sites\/4\/2023\/09\/IO-life-insurance2.jpg\" alt=\"Father playing airplane with his baby son\" class=\"wp-image-3452\" width=\"657\" height=\"394\" srcset=\"https:\/\/www.insureone.com\/knowledge-center\/wp-content\/uploads\/sites\/4\/2023\/09\/IO-life-insurance2.jpg 1000w, https:\/\/www.insureone.com\/knowledge-center\/wp-content\/uploads\/sites\/4\/2023\/09\/IO-life-insurance2-300x180.jpg 300w, https:\/\/www.insureone.com\/knowledge-center\/wp-content\/uploads\/sites\/4\/2023\/09\/IO-life-insurance2-768x461.jpg 768w, https:\/\/www.insureone.com\/knowledge-center\/wp-content\/uploads\/sites\/4\/2023\/09\/IO-life-insurance2-800x480.jpg 800w\" sizes=\"(max-width: 657px) 100vw, 657px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Having a Baby<\/strong>&nbsp;<\/h2>\n\n\n\n<p>By now, you\u2019ve probably figured out that life-changing events and insurance are a package deal. And speaking of \u201cpackages,\u201d one of the biggest milestones that should motivate you to start shopping for life insurance is having a baby. And the reason for that is that raising a child to adulthood is very, <em>very<\/em> expensive.&nbsp;<\/p>\n\n\n\n<p>To put things in perspective, it takes over a <a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/090415\/cost-raising-child-america.asp\" target=\"_blank\" rel=\"noreferrer noopener\">quarter of a million dollars<\/a> to raise a child to the age of 17. That\u2019s a major financial responsibility for two parents to take on, and if you were to unexpectedly pass away, it could easily leave your spouse with major financial struggles as they try to raise a child on their own.&nbsp;<\/p>\n\n\n\n<p>However, with good life insurance, you can customize exactly how much coverage you need. This ensures your spouse can not only raise your child to adulthood but even cover future expenses like the cost of their college education. Parenthood and life insurance are a must-have combination for any parent!&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Getting a Promotion<\/strong>&nbsp;<\/h2>\n\n\n\n<p>It often takes people by surprise that getting a promotion is a major sign they need life insurance. However, consider that for your spouse and\/or children, life insurance is there to help replace lost income. If your income suddenly increases, then your family has that much more to lose if you were to suddenly pass away.&nbsp;<\/p>\n\n\n\n<p>By choosing how much coverage you need, you can account for the post-promotion money your family stands to lose when you die as well as any other costs they will need to have covered. The latter is particularly important if your promotion has led to a more expensive lifestyle.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. Retiring from Your Job<\/strong>&nbsp;<\/h2>\n\n\n\n<p>You may not think of old age as the right time to grab life insurance. But whether you are getting coverage for the first time or perhaps renewing old coverage, it\u2019s very important to have a policy in place by the time you retire from your job.&nbsp;<\/p>\n\n\n\n<p>Retirement planning and life insurance go well together because unless you have saved up a major nest egg over time, your family still has debts and regular expenses you must worry about covering. And once you retire, your fixed income will likely make it more difficult to continue saving. With a life insurance policy from a trustworthy carrier, though, you can make sure your spouse enjoys their golden years without worries or stress after you are gone.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Get the Best Life Insurance Today!<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Now you know the biggest milestones that prove you need life insurance. But when you\u2019re ready to get the coverage you need, do you know where to find the carrier you deserve?&nbsp;<\/p>\n\n\n\n<p>Here at InsureOne, we\u2019re always ready to help you protect your family\u2019s future. When you\u2019re ready for coverage, we\u2019re ready to give you <a href=\"https:\/\/www.insureone.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">a quote online<\/a>. Care for a more personal touch? You can pick up the phone and give us a quick call at <a href=\"tel:800-836-2240\" target=\"_blank\" rel=\"noreferrer noopener\">800-836-2240<\/a>. Finally, feel free to come into one of our <a href=\"https:\/\/www.insureone.com\/find-an-office\/\" target=\"_blank\" rel=\"noreferrer noopener\">nearby offices<\/a> at your earliest convenience!\u00a0<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-red-background-color has-text-color has-background\" href=\"https:\/\/www.insureone.com\/quote-term\/\">Get a Quote<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-red-background-color has-text-color has-background\" href=\"tel:800-836-2240\">Call Us<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-red-background-color has-text-color has-background\" href=\"https:\/\/www.insureone.com\/find-an-office\/\">Find Your Office<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Everybody knows that it\u2019s important to have life insurance. But how do you know when it\u2019s finally time to buy coverage?&nbsp; The truth is that there is no magical \u201cperfect time\u201d to buy life insurance. That said, there are certain major events in a person\u2019s life that should make them reevaluate whether it\u2019s time to [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7,45],"tags":[],"class_list":["post-3451","post","type-post","status-publish","format-standard","hentry","category-life","category-life-insurance-basics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/3451"}],"collection":[{"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=3451"}],"version-history":[{"count":3,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/3451\/revisions"}],"predecessor-version":[{"id":3456,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/3451\/revisions\/3456"}],"wp:attachment":[{"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=3451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=3451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insureone.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=3451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}