{"id":822,"date":"2018-12-28T23:10:37","date_gmt":"2018-12-28T23:10:37","guid":{"rendered":"https:\/\/doncarbonexpress.com\/bestltcadvice\/?p=822"},"modified":"2019-01-19T20:41:42","modified_gmt":"2019-01-19T20:41:42","slug":"life-is-for-living-a-gift-for-a-lifetime-sandy-essex-top-independent-long-term-care-planning","status":"publish","type":"post","link":"https:\/\/doncarbonexpress.com\/bestltcadvice\/life-is-for-living-a-gift-for-a-lifetime-sandy-essex-top-independent-long-term-care-planning\/","title":{"rendered":"Life Is For Living | A Gift For A Lifetime | Sandy Essex Top Independent Long Term Care Planning"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" src=\"\/\/lifehappenspro.org\/resources\/embeded?userId=25387&amp;autoplay=1&amp;loop=1&amp;videoId=5860161460001\" width=\"660\" height=\"371\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<div class=\"post-header\">\n<h1 class=\"post-title\" style=\"text-align: center;\">5 Signs You Need to Up Your Life Insurance Coverage<\/h1>\n<div class=\"post-meta\"><\/div>\n<\/div>\n<div class=\"post-content\">\n<p>Depending on the type of life insurance policy you have, you could be covered anywhere between one year and the rest of your life, depending on if you have\u00a0<a href=\"https:\/\/www.lifehappens.org\/insurance-overview\/life-insurance\/life-insurance-options\/\">term or permanent life insurance<\/a>. But if you\u2019ve had a policy for a while, it might no longer be enough.<\/p>\n<p>As your life changes, your insurance needs change with it. Depending on events that have happened and how your mindset has evolved since you first bought a policy, it may be a good idea to make sure you have enough coverage. Here are five signs to watch out for.<\/p>\n<p><strong>1. You\u2019ve had a child.\u00a0<\/strong>The cost of raising a child through age 17 is $233,610, according to 2015 data from the\u00a0<u><a href=\"https:\/\/www.cnpp.usda.gov\/sites\/default\/files\/crc2015_March2017.pdf\">U.S. Department of Agriculture<\/a><\/u>\u2014and that\u2019s not even mentioning college costs if you plan to help out.<\/p>\n<p>If you\u2019ve recently had an addition to your family, your spouse or partner may not be able to afford those costs if something were to happen to you. That\u2019s especially the case if you\u2019re the financial breadwinner.<\/p>\n<p><strong>2. You\u2019ve bought a new home.\u00a0<\/strong>Two of the top five reasons people get life insurance is to cover mortgage debt and to pay for home expenses, according to the\u00a0<a href=\"https:\/\/www.lifehappens.org\/barometer\">2018 Insurance Barometer Study<\/a>\u00a0by Life Happens and LIMRA.<\/p>\n<p>If you have a family, the last thing you want is for them to be forced out of their home because they can\u2019t keep up with the payments. So, if you just bought your first home or a new home with a bigger mortgage, make sure you have enough coverage to at least make the monthly payments.<\/p>\n<p><strong>3. Your income has increased dramatically.\u00a0<\/strong>Two-thirds of people who own life insurance bought it to replace lost income if they were to pass away, according to the same Barometer Study. If you\u2019ve recently gotten a significant raise or your income has increased steadily since you last bought insurance, check to make sure your insurance coverage is still enough to replace it.<\/p>\n<p><strong>4. Your lifestyle has changed.\u00a0<\/strong>While income increases often come with lifestyle changes, it\u2019s also possible to get a lifestyle upgrade after you\u2019ve paid off debt or improved your cash flow in some other way. If you notice that you\u2019ve been spending more per month than you were a year or two ago, your current life insurance policy may leave a gap between its coverage and your loved ones\u2019 needs.<\/p>\n<p><strong>5.\u00a0You\u2019re thinking about your estate planning.\u00a0<\/strong>Another top-five reason people get life insurance is to transfer wealth or leave an inheritance. As you get older, you may start thinking more about what kind of legacy you want to leave behind.<\/p>\n<p>If you\u2019ve been focused on other life insurance needs up to this point, it might be time to take another look to see if you would owe any estate taxes upon your death or what other expenses your estate might incur. You may also consider whether you want to leave any money behind for your children or a favorite charity.<\/p>\n<p>If one of these things has happened to you and you\u2019re not sure if you need to increase your coverage, use a comprehensive\u00a0<a href=\"https:\/\/doncarbonexpress.com\/bestltcadvice\/life-calculator\/\" target=\"_blank\" rel=\"noopener\"><u>life insurance calculator<\/u><\/a>\u00a0to see how your needs have changed.<\/p>\n<p>In most cases, you won\u2019t be able to increase the coverage on your current policy. Instead, you\u2019ll buy a new one to supplement the first. You can do this by reaching out to your insurance professional or shopping around to see if another insurer might offer you a better deal.<\/p>\n<p>Whatever you do, take the time every once in a while to determine whether your life insurance coverage is still enough to take care of the people you love.<\/p>\n<\/div>\n<p style=\"text-align: center;\"><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/doncarbonexpress.com\/bestltcadvice\/contact-us-life-insurance-awareness\/\" target=\"_blank\" rel=\"noopener\">To take the next step, You can contact me from my info listed below or you can\u00a0fill out this form for a call back,<\/a><\/span><br \/>\n<span style=\"color: #ff0000;\">I look forward to helping you<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: center;\">Sandy Essex,<\/p>\n<p style=\"text-align: center;\">CLTC Long Term Care Planning Advisor<br \/>\n847.695.6690<br \/>\nVisit us at\u00a0\u00a0\u00a0<a href=\"http:\/\/www.BestLtcAdvice.com\" target=\"_blank\" rel=\"noopener\">www.BestLtcAdvice.com<\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.genworth.com\/costofcare\" target=\"_blank\" rel=\"noopener\">CLICK HERE to see the COST Of CARE IN YOUR AREA<\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/ww2.identillect.com\/sendemail?u=YXV0aDB8NTZmMDEyZTUyNDZlZGRlZjM1NjdkMzYx\" target=\"_blank\" rel=\"noopener\">To send me a Secured Email click here!<\/a><\/p>\n<p style=\"text-align: center;\">We take care of tomorrow, so you can focus on today!<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/doncarbonexpress.com\/bestltcadvice\/september-is-national-life-insurance-awareness-month-sandy-essex-847-695-6690\/sandy-essex\/\" rel=\"attachment wp-att-568\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-568 aligncenter\" src=\"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-content\/uploads\/2018\/09\/Sandy-Essex.png\" alt=\"\" width=\"160\" height=\"200\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; &nbsp; 5 Signs You Need to Up Your Life Insurance Coverage Depending on the type of life insurance policy you have, you could be covered anywhere between one year and the rest of your life, depending on if you have\u00a0term or permanent life insurance. But if you\u2019ve had a policy for a while, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,24],"tags":[],"class_list":["post-822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life-insurance","category-news"],"_links":{"self":[{"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/posts\/822"}],"collection":[{"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/comments?post=822"}],"version-history":[{"count":4,"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/posts\/822\/revisions"}],"predecessor-version":[{"id":827,"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/posts\/822\/revisions\/827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/media\/823"}],"wp:attachment":[{"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/media?parent=822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/categories?post=822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/doncarbonexpress.com\/bestltcadvice\/wp-json\/wp\/v2\/tags?post=822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}