{"id":1435,"date":"2020-02-04T11:16:23","date_gmt":"2020-02-04T17:16:23","guid":{"rendered":"http:\/\/www.stevenkohnle.com\/?p=1435"},"modified":"2020-02-17T16:57:47","modified_gmt":"2020-02-17T22:57:47","slug":"life-insurance-do-you-have-adequate-coverage","status":"publish","type":"post","link":"https:\/\/stevenkohnle.com\/es\/life-insurance-do-you-have-adequate-coverage\/","title":{"rendered":"Life Insurance &#8211; Do You Have Adequate Coverage?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/embed\/medias\/pxsc12ypz7.jsonp\" async><\/script><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding: 56.25% 0 0 0; position: relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height: 100%; left: 0; position: absolute; top: 0; width: 100%;\">\n<div class=\"wistia_embed wistia_async_pxsc12ypz7 videoFoam=true\" style=\"height: 100%; position: relative; width: 100%;\">\n<div class=\"wistia_swatch\" style=\"height: 100%; left: 0; opacity: 0; overflow: hidden; position: absolute; top: 0; transition: opacity 200ms; width: 100%;\"><img decoding=\"async\" style=\"filter: blur(5px); height: 100%; object-fit: contain; width: 100%;\" src=\"https:\/\/fast.wistia.com\/embed\/medias\/pxsc12ypz7\/swatch\" alt=\"\" aria-hidden=\"true\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h4><\/h4>\n<h4><span style=\"color: #00486c;\"><strong>Different Life Stages Demand\u00a0Different Life Insurance Coverages &#8211; What Stage are You?<\/strong><\/span><\/h4>\n<p><span style=\"color: #333333;\">The need for insurance changes as a person enters a new life stage and insurance\u00a0coverage needs to change also.\u00a0<\/span><\/p>\n<p><span style=\"color: #333333;\">Life\u00a0throws different types of financial challenges our way.\u00a0 All these challenges can be resolved by life insurance. Remember, financial plans need\u00a0to sync with all stages of life and the requirements which are certain to each specific life stages.\u00a0 In short,\u00a0policyholders need to continually re-evaluate their needs for adequate\u00a0insurance coverage.<\/span><\/p>\n<p><span style=\"color: #333333;\">Below are various life stages that demand a revision in coverage:<\/span><\/p>\n<h4><span style=\"color: #00486c;\"><strong>Newlyweds<\/strong><\/span><\/h4>\n<p><span style=\"color: #333333;\"><strong><a href=\"https:\/\/slateblue-whale-802449.hostingersite.com\/services\/life-insurance\/\" target=\"_blank\" rel=\"noopener\">Life insurance<\/a><\/strong> needs increases once you are married, so you need to hold adequate coverage to protect your spouse financially. The right time to invest in this coverage is as soon as you get engaged.<\/span><\/p>\n<h4><span style=\"color: #00486c;\"><strong>Becoming Parents<\/strong><\/span><\/h4>\n<p><span style=\"color: #333333;\">When you are planning to start a family, you will require more life insurance coverage to protect the future of your children.\u00a0 So as soon as you learn of the happy news, don&#8217;t wait for the blessed event &#8211; re-evaluate your needs for life insurance.<\/span><\/p>\n<p><script src=\"https:\/\/fast.wistia.com\/embed\/medias\/xppuvd0rxz.jsonp\" async><\/script><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding: 56.25% 0 0 0; position: relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height: 100%; left: 0; position: absolute; top: 0; width: 100%;\">\n<div class=\"wistia_embed wistia_async_xppuvd0rxz videoFoam=true\" style=\"height: 100%; position: relative; width: 100%;\">\n<div class=\"wistia_swatch\" style=\"height: 100%; left: 0; opacity: 0; overflow: hidden; position: absolute; top: 0; transition: opacity 200ms; width: 100%;\"><img decoding=\"async\" style=\"filter: blur(5px); height: 100%; object-fit: contain; width: 100%;\" src=\"https:\/\/fast.wistia.com\/embed\/medias\/xppuvd0rxz\/swatch\" alt=\"\" aria-hidden=\"true\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h4><\/h4>\n<h4><span style=\"color: #00486c;\"><strong>Buying a New House<\/strong><\/span><\/h4>\n<p><span style=\"color: #333333;\">Outstanding liability goes up when you purchase a new home. If the unthinkable happens to you, then financial burden falls on your loved ones. Life insurance covers loans, property maintenance as well as property taxes to be paid in order to offer financial comfort for the\u00a0policyholder\u2019s family.<\/span><\/p>\n<h4><span style=\"color: #00486c;\"><strong>New Debt<\/strong><\/span><\/h4>\n<p><span style=\"color: #333333;\">All debts such as personal loans and car loans need to be included under a life insurance policy.\u00a0 Remember&#8230;..It is important to leave assets for your family members and not loans\/liabilities.<\/span><\/p>\n<h4><span style=\"color: #00486c;\"><strong>Job Promotion<\/strong><\/span><\/h4>\n<p><span style=\"color: #333333;\">Promotions in your job leads to increased income and paves the path to a better standard of living. So, family members also need this increased payment in order to maintain their new lifestyle when you are not around. So, secure the needs of your family by re-evaluating life insurance requirements yearly.<\/span><\/p>\n<h4><span style=\"color: #00486c;\"><strong>Change in Marital Status<\/strong><\/span><\/h4>\n<p><span style=\"color: #333333;\">If <strong><a href=\"https:\/\/slateblue-whale-802449.hostingersite.com\/planning-your-marriage-checklist\/\" target=\"_blank\" rel=\"noopener\">marital status<\/a><\/strong> changes because of the death of your spouse or divorce, then insurance needs change too. Your family completely depends on you, not only emotionally but financially. In fact, at this point, you will also have to make important changes to\u00a0the nomination of beneficiaries of your current policy.<\/span><\/p>\n<h4><span style=\"color: #00486c;\"><strong>Children Education<\/strong><\/span><\/h4>\n<p><span style=\"color: #333333;\">Life insurance policies play a key role in the life of growing children especially those who are studying abroad for expensive courses like medical, engineering, MBA etc.<\/span><\/p>\n<h4><span style=\"color: #00486c;\"><strong>Post Retirement<\/strong><\/span><\/h4>\n<p><span style=\"color: #333333;\">The function of life insurance is to protect family members from the loss of income if you or another primary wage earner were to pass away.\u00a0\u00a0It may seem counterproductive to give up having life insurance after so long, but the truth is , you may no longer need it.\u00a0 As far as estate planning goes, you could very well need a different type of policy or major changes to your current one anyway.\u00a0\u00a0<\/span><\/p>\n<p><strong><span style=\"color: #333333;\">KEY TAKEAWAYS:<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"color: #333333;\">If you retire and don\u2019t have issues paying bills or making ends meet you likely don\u2019t need life insurance.\u00a0<\/span><\/li>\n<li><span style=\"color: #333333;\">If you retire with debt or have children or a spouse that is dependent on you, keeping life insurance is a good idea.\u00a0<\/span><\/li>\n<li><span style=\"color: #333333;\">Life insurance can also be maintained during retirement to help pay for estate taxes.\u00a0<\/span><\/li>\n<\/ul>\n<h5 id=\"mntl-sc-block_1-0-35\"><span style=\"color: #00486c;\">Bottom Line &#8211;\u00a0This is the perfect question for you to ask <strong><a href=\"https:\/\/slateblue-whale-802449.hostingersite.com\/team\/g-steven-kohnle\/\" target=\"_blank\" rel=\"noopener\">Steven<\/a><\/strong>.<\/span><\/h5>\n<p>Feel free to email us or give us a call for more information!<\/p>\n<div class=\"_2pi9 _2pi2\">\n<div class=\"clearfix _ikh\">\n<div class=\"_4bl9\">\n<div class=\"_2wzd\">16567 W. 151st Street<br \/>\nOlathe, Kansas 66062<\/div>\n<div id=\"u_fetchstream_2_11\">\n<div><a href=\"http:\/\/share.here.com\/r\/mylocation\/e-eyJuYW1lIjoiU3RldmVuIEtvaG5sZSBBZ2VuY3ksIEZhcm1lcnMgSW5zdXJhbmNlIiwiYWRkcmVzcyI6IjE2NTY3IFcuIDE1MXN0IFN0cmVldCwgT2xhdGhlLCBLYW5zYXMiLCJsYXRpdHVkZSI6MzguODU0NTQsImxvbmdpdHVkZSI6LTk0Ljc3Njg4LCJwcm92aWRlck5hbWUiOiJmYWNlYm9vayIsInByb3ZpZGVySWQiOjUyMzExMjY4NzcwMzEwNH0=?link=addresses&amp;fb_locale=en_US&amp;ref=facebook&amp;fbclid=IwAR1hEekBpYnEJFT7qbrCo0SQ2AdjSMMhQh7E2DFyABx7vuEyJZ5jbpM9fhI\" target=\"_blank\" rel=\"noopener nofollow\" data-lynx-mode=\"asynclazy\" data-lynx-uri=\"https:\/\/l.facebook.com\/l.php?u=http%3A%2F%2Fshare.here.com%2Fr%2Fmylocation%2Fe-eyJuYW1lIjoiU3RldmVuIEtvaG5sZSBBZ2VuY3ksIEZhcm1lcnMgSW5zdXJhbmNlIiwiYWRkcmVzcyI6IjE2NTY3IFcuIDE1MXN0IFN0cmVldCwgT2xhdGhlLCBLYW5zYXMiLCJsYXRpdHVkZSI6MzguODU0NTQsImxvbmdpdHVkZSI6LTk0Ljc3Njg4LCJwcm92aWRlck5hbWUiOiJmYWNlYm9vayIsInByb3ZpZGVySWQiOjUyMzExMjY4NzcwMzEwNH0%3D%3Flink%3Daddresses%26fb_locale%3Den_US%26ref%3Dfacebook%26fbclid%3DIwAR1hEekBpYnEJFT7qbrCo0SQ2AdjSMMhQh7E2DFyABx7vuEyJZ5jbpM9fhI&amp;h=AT0qfw8pBJ6jDJ_8feBX7AprykUOSCDhkZMmUarDTleFRN5K2QqTMqSntrG5spIYOykKDgD77u6uRVG2KyM3Wa6k3hLSsZIJ9EvzLTJ_JmrR8DnUZpMmxp8BnHe_5FG2zcibzoeVyP0jAFNYJeY\">Get Directions<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"_2pi9 _2pi2\">\n<div class=\"clearfix _ikh\">\n<div class=\"_4bl7\"><img decoding=\"async\" class=\"_3-91 _1579 img\" src=\"https:\/\/static.xx.fbcdn.net\/rsrc.php\/v3\/yW\/r\/mYv88EsODOI.png\" alt=\"Highlights info row image\" \/>\u00a0\u2013 <a href=\"tel:9138714040\">(913) 871-4040<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"_2pi9 _2pi2\">\n<div class=\"clearfix _ikh\">\n<div class=\"_4bl7\"><img decoding=\"async\" class=\"_3-91 _1579 img\" src=\"https:\/\/static.xx.fbcdn.net\/rsrc.php\/v3\/yd\/r\/5S4XsEXBmrG.png\" alt=\"Highlights info row image\" \/>\u00a0\u2013 Hours 9:00 AM \u2013 6:00 PM<\/div>\n<div>email \u2013\u00a0<a href=\"\/es\/m&\/#97;&#x69;&#x6c;t&#111;&#x3a;&#x47;k&#111;&#x68;&#x6e;l&#101;&#x40;&#x66;a&#114;&#x6d;&#x65;r&#115;&#97;&#x67;&#x65;n&#116;&#x2e;&#x63;o&#109;\">Gkohnle@farmersagent.com<\/a><\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Different Life Stages Demand\u00a0Different Life Insurance Coverages &#8211; What Stage are You? The need for insurance changes as a person enters a new life stage and insurance\u00a0coverage needs to change also.\u00a0 Life\u00a0throws different types of financial challenges our way.\u00a0 All these challenges can be resolved by life insurance. Remember, financial plans need\u00a0to sync with all [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[13,27],"tags":[25,41,20,42,38,40],"class_list":["post-1435","post","type-post","status-publish","format-standard","hentry","category-life-insurance","category-financial-insurance","tag-family","tag-farmers-insurance","tag-insurance","tag-life-insurance","tag-tips-and-tricks","tag-we-are-farmers"],"_links":{"self":[{"href":"https:\/\/stevenkohnle.com\/es\/wp-json\/wp\/v2\/posts\/1435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stevenkohnle.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stevenkohnle.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stevenkohnle.com\/es\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stevenkohnle.com\/es\/wp-json\/wp\/v2\/comments?post=1435"}],"version-history":[{"count":0,"href":"https:\/\/stevenkohnle.com\/es\/wp-json\/wp\/v2\/posts\/1435\/revisions"}],"wp:attachment":[{"href":"https:\/\/stevenkohnle.com\/es\/wp-json\/wp\/v2\/media?parent=1435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stevenkohnle.com\/es\/wp-json\/wp\/v2\/categories?post=1435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stevenkohnle.com\/es\/wp-json\/wp\/v2\/tags?post=1435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}