How Insurance Changes With Your Family: A Timeline

Having children doesn’t just change your life; it also changes your insurance needs. With a little planning along the way, families can rest easy knowing they are covered through all of life’s milestones.

The Baby Shower

If you ask an insurance agent what the best baby shower gift is, they probably won’t say a crib or a cradle: They’ll probably say a life insurance policy. Taking out a policy in a child’s name means they’ll be protected their whole life and at the best available rate.

Becoming Parents

As soon as a couple becomes parents, they need to reevaluate whether they have adequate coverage in their life insurance policies, not just for themselves, but for the new lives they are now in charge of.

Utilizing a needs analysis, Texas Farm Bureau Insurance Agents can discuss all avenues available. There are multiple life insurance options, and families can typically find at least one term policy that will meet their needs.

The “Flu” Years

Having children means a parade of doctor visits throughout their young lives. From routine checkups and vaccinations to accidents and cavities, there always seems to be some medical need. That’s why it’s important to find health insurance that works for your family and allows you to make care decisions based on your medical need, not on availability or price restrictions.

Your Texas Farm Bureau Insurance Agent can help you find a Blue Cross Blue Shield of Texas policy that’s right for your family.

The Family Grows

Debbie Cox, a Texas Farm Bureau Insurance Agent in Fredericksburg, calls visiting with a family who had three young children. The only coverage they had was a very small life insurance policy the father had taken out years before. This isn’t enough coverage to protect their family, she remembers thinking.

That’s why Cox advises all her clients to come in for a review of their coverage every year. “As a family grows and changes over time, their life insurance will grow with them,” she says. “Sometimes the most meaningful gift to one another can be considering policies that offer greater long-term benefits.” Every family is different, which is why Texas Farm Bureau Insurance Agents get to know their families individually.

The Family Moves

Changes to the family tree often mean a change in location — or maybe just changes to your property. Whether a family moves, adds on to their home, or even builds a treehouse out in the backyard, property insurance should be updated to reflect those changes.

Hitting the Road

When kids hit the teenage years, it’s time to face the fact that they’ll also be getting behind the wheel. That might mean adding them to your auto insurance policy to keep them protected. Parents can help kids keep rates in check by modeling and teaching safe and defensive driving skills. A good driving record goes a long way toward optimizing your insurance. Kids with good grades may be eligible for discounts too.

Leaving the Nest

As kids grow up and go off to college, work, and independent lives, their insurance needs will grow and change just as their parents’ did. Eventually, it will also be time for them to take responsibility for their own insurance needs. Discuss the right timing with your Texas Farm Bureau Insurance Agent. Cox’s goal is to establish a solid foundation with them so that the whole family continues to be protected for years to come.

Call your Texas Farm Bureau Insurance Agent to discuss your growing insurance needs.

Coverage and discounts are subject to qualifications and policy terms and may vary by situation. Life insurance products are offered through Southern Farm Bureau Insurance Company.