Life insurance – personal policy outside of work policies are important. Many times we run into client that have employers that provide life insurance. Many times these life insurance policies are not portable. Portable mean that the employee can opt to take the policy with them when they leave a company for another job or retire. If your policy is not portable you should consider obtaining an individual life insurance policy on you and your spouse. When you change jobs, you are not only between jobs, you are between life insurance protection. Do not leave your family exposed during the transistion. Another reason to do this is that we never know if we will become sick or diagnosed with a condition that a life insurance company may consider a high risk or refuse to offer coverage to you. At that point you are not able to obtain additional insurance. If you are healthy and only have a work provided policy, I would get an individual policy while you are healthy that can offer you the lowest premiums. Try not to procrastinate, get it in place today.
There are many types of policies to consider such as Term, Universal Life, or Whole Life. No matter what policy you obtain, you can protect your future ability to be insured and will be covered for you and your family no matter what your employment situation is. Today with the number of people that get let go from their employer, when they are released, their life coverage ends. This really leaves you and your family exposed. Talk with a licenses insurance agent to help you find the best options for your specific situation and protect you and your families future.