Life Insurance Planning in Utah: Key Milestones When You Should Update Your Policy

Life is always changing. In Utah, these changes often mean it’s time to revisit your life insurance policy.

What worked for you five years ago may not reflect your current needs. At Bowthorpe & Associates, we help you adjust your coverage so you're always protected—no matter what stage of life you're in.

Marriage: A New Chapter Begins

Getting married brings emotional and financial changes.

Your partner may rely on your income, which makes life insurance a key part of your financial planning.

Here’s what you should do:

• Increase your coverage to protect your spouse’s financial future.

• Update your beneficiary to include your partner.

Without proper coverage, your spouse may struggle to manage debts, pay the mortgage, or maintain your shared lifestyle.

Welcoming a Child: Added Responsibility

Having a child changes everything—especially your priorities.

Now you’re thinking about the long term. Your life insurance policy should reflect that shift.

Make sure your coverage:

• Funds your child’s education in case you’re not there to help.

• Covers household expenses so your family’s daily life continues without disruption.

Children depend on you completely. Your insurance should reflect that responsibility.

Buying a Home: Protecting Your Foundation

A new home is exciting—but it also brings serious financial commitments.

Don’t leave your family unprotected. Update your policy to:

• Cover your mortgage so your family won’t face housing uncertainty.

• Pair with proper home insurance to protect both the property and the people inside it.

If you’re wondering about home insurance cost in Utah, we can help you find the right balance between protection and affordability.

Career Changes: Match Your Growth

Whether you're moving up in your company or starting a new venture, a new job often means new financial responsibilities.

This is a good time to:

• Re-evaluate your needs based on your income and goals.

• Increase your coverage to reflect your earnings and potential liabilities.

As your lifestyle grows, your life insurance should grow with it.

Approaching Retirement: Secure Peace of Mind

Retirement means a shift from earning to spending. That doesn’t mean your need for life insurance disappears.

As you approach this stage, take time to:

• Review your coverage to see if it still fits your situation.

• Ensure your spouse or dependents are protected, especially if any debts or obligations remain.

Your golden years should be worry-free. The right policy helps make that happen.

Talk to a Local Expert in Bountiful

Updating your life insurance doesn't need to be complicated.

At Bowthorpe & Associates, we’re here to help you make informed decisions that reflect your life and your goals.

Call us at (801) 487-2300 or visit www.bowthorpeinsurance.com to speak with a local agent who understands Bountiful families.

We Can Help With More Than Life Insurance

Need more than life insurance?

We also offer:

• Auto insurance tailored to Utah drivers

• Home insurance that protects what matters most

• Personalized support from local experts you can trust

Whatever your insurance needs, we’re here for you.

Frequently Asked Questions

When should I review my life insurance policy?After major life events—marriage, having a child, buying a home, changing jobs, or planning for retirement.

Why increase coverage after a job change?Higher income often means bigger responsibilities. Updated coverage protects your family’s lifestyle.

Does buying a home affect my insurance needs?Yes. A mortgage is a major financial responsibility. Life insurance can help your family keep the home if you’re gone.

Why update my life insurance beneficiaries?Life events like marriage or children should prompt a review of who receives your benefits.

Can Bowthorpe & Associates help with auto and home insurance too?Absolutely. We offer comprehensive coverage options for auto, home, and more—all tailored to Utah residents.