Insurance Expert Kathy Powell Explains When You Actually Need Life Insurance in HelloNation

The article explains when life insurance becomes important and how coverage can help protect loved ones from financial strain.

PHENIX CITY, Ala., Sept. 23, 2026 /PRNewswire/ -- When is the right time to get life insurance? A HelloNation article answers this question by outlining how life insurance provides essential financial protection at key stages of life. The article features insights from Kathy Powell, an insurance expert based in Phenix City, AL. Powell also teaches Risk and Insurance at Auburn University.

The article explains that life insurance matters most when other people rely on your income. It is designed to protect loved ones from financial strain in the event of an unexpected loss. Coverage can help with living expenses, debt, mortgage payments, and long-term costs like education. Getting coverage early also means lower premiums and fewer barriers to approval.

The HelloNation article describes two main types of life insurance: term life insurance and permanent life insurance. Term life insurance provides coverage for a set number of years and is often more affordable. It is ideal for parents, caregivers, or anyone with temporary financial obligations. Permanent life insurance lasts a lifetime and may include a cash value component that grows over time. The article stresses the importance of understanding the differences when selecting the right insurance policy.

Choosing the right coverage amount is another key factor. The article recommends that individuals calculate their debts, income replacement needs, and any financial goals they want to support. While a general guideline is five to ten times annual income, the best coverage amount depends on personal circumstances. Having the correct amount in place helps ensure that beneficiaries are not left with financial hardship.

The article emphasizes that life insurance is not just for older adults. Even young adults with student loans, a mortgage, or dependents should consider a policy. Locking in lower rates at a younger age can lead to long-term savings and help ensure coverage is available before health issues or life events make insurance harder to obtain.

Keeping an insurance policy up to date is also essential. The article advises reviewing coverage after major life events such as marriage, the birth of a child, or buying a home. Term policies can often be renewed or adjusted, and permanent life insurance may offer flexibility through benefit increases or access to cash value. These updates ensure the policy stays aligned with current needs.

The article also notes that permanent life insurance can be a long-term financial tool. While not the main purpose, the cash value in some policies can be borrowed against or used for future planning. For those who value flexibility, this added benefit may support other financial goals.

Cost is a common reason people delay buying life insurance. The article points out that premiums are generally lowest for younger and healthier individuals. Waiting can result in higher costs or added medical requirements. By securing life insurance early, policyholders can protect their financial future and avoid issues with eligibility later on.

Another important step discussed in the article is naming and updating beneficiaries. Beneficiaries are the people who receive the policy's benefits, and making sure those names reflect current wishes is a key part of insurance planning. The article explains that clear designations help avoid confusion and ensure the right people are supported financially.

"When Do You Actually Need Life Insurance?" features insights from Kathy Powell, Insurance Expert of Phenix City, AL, in HelloNation.

About HelloNation
HelloNation is America's Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative "edvertising" approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

SOURCE HelloNation