Can you believe 2024 is almost over? We at Rochkind hope it’s treated you kindly and given you plenty of good memories to look back on with family and loved ones as it comes to a close. We’ve had a lot to be thankful for, because it’s been a pleasure to serve all of you in our shared Galveston and Texas Gulf Coast community this year.
As you plan your December celebrations – and hopefully schedule some restful time for yourself in there too – you probably don’t have insurance at the front of your mind. But, if you set aside a few moments this month to look at your options, you’ll save yourself some New Year’s headaches and cross one major thing off of your 2025 to-do list.
While there’s no best time of the year to look at purchasing or changing your auto insurance or homeowner’s insurance policies, it may be worth getting quotes during the month of December, since it’s outside the “peak seasons” of spring and fall when most home and car purchases tend to be made. Plus, you may already be getting ready to renew other coverage, like health insurance, by the end of the year; so, why not get all of your insurance needs taken care of at once? Most people don’t want to have to think about their insurance too frequently. (That’s why we’re here to make it easier!)
One of the most important insurance choices you can make, however, is best made before the end of this year: your life insurance policy. Here are just a few reasons why now is the right time to look at your life insurance options and make sure you’re set for the coming year.
Choosing a life insurance policy in December means you can give your loved ones the greatest gift of all for the holidays: peace of mind. That way, you can all relax and enjoy this special time of year, focusing on your personal goals and plans instead of worrying about your life insurance coverage.
You can look at your budget more realistically at the end of the year instead of trying to do the guesswork in January. You may be closing out the year in different financial circumstances than you’d expected at the beginning of 2024, and now you can adjust your policy and benefits accordingly.
Your circle of loved ones may have changed this past year, and you can ensure that everyone who relies upon you has that financial safety net. For example, if you married or welcomed a new child or grandchild into your family, it will ease their minds and yours to know that they’ll be cared for should the unexpected happen.
With certain types of life insurance, you can begin to build wealth and plan for major purchases you may make in 2025. Is something like a new home or auto on your list this coming year? A universal life insurance policy can give you a head start on financing it without traditional mortgages and loans. (Read more about universal life insurance policies and how they can help you build accessible wealth.)
Finally, you may have more time available due to the holidays, and you can use some of that free time to examine your life insurance needs. And once you know you’re covered, you’ll have that much more reason to relax.
Be sure to reach out to us here at Rochkind so we can help make your options clearer and your coverage choices easier. We hope all of our Galveston neighbors had a safe and peaceful Thanksgiving, and we look forward to celebrating the coming holidays and a bright new year with you.
