New Parent Financial Decisions
Having a child changes your whole life, no matter if it is your first kid or your fifth. With each new family member comes new responsibilities and considerations, including your finances. Keep these smart financial moves for parents in mind to ensure that you and your family are protected.
- Update beneficiary forms – check all of your insurance policies and retirement plans to ensure that your beneficiaries are properly updated.
- Invest in life insurance – if you have not already done so, invest in a life insurance policy to provide a financial cushion for your loved ones when you are gone. If you already have a policy, you may want to consider increasing your limits to protect your growing family.
- Buy disability insurance – even if you have disability insurance through your employer, it may not be enough coverage if you are not able to work after an injury. Investing in your own policy will help to make sure that you have the financial means to continue your way of life if you cannot return to work.
For all of your Texas insurance needs and to make sure that you and your family are financially protected, contact VGW Walker Insurance.
