Life event guide · Ron Marchiani, Farmers agent
Having a baby
Review who depends on your income, health coverage coordination, existing life coverage and beneficiary designations.
Start with what changed
Make a short list before changing coverage.
Gather current declarations, note changed people, property, income and responsibilities, then ask which policy limits, exclusions, eligibility rules and dates are relevant. A life event does not automatically call for a particular product.
- Which people, assets, income or obligations changed?
- What existing policy, benefit or savings already applies?
- Which policyholder, insured and beneficiary details need review?
- When must any change take effect?