Is It Time to Review Your Life Insurance?

When we were kids, sunshine days of play lasted forever. Now that we’re older, time moves much more quickly; life is changing right before our eyes. New family members arrive, homes change, jobs change, some of us get married, some get divorced, and some get re-married. All of life’s big changes can have a bearing on your life insurance needs. You may need more coverage or a different type of policy, or you may need to update your beneficiaries.

Most of us purchase life insurance to protect our families and loved ones, providing a safety net if a key income-earner passes away earlier than expected. If your situation has changed (and whose hasn’t in the past year?), it’s time to review your coverage with your broker. It may be that your coverage is fine as it is – or it may be time to make some changes that can ensure your family is protected.

How Often Should You Review Your Coverage?

Life insurance experts recommend that you review your coverage with your broker once every 12 to 18 months. However, if you’ve had any major life changes, such as getting married, starting a family, buying a house, starting a business, or similar major life events, you’re encouraged to speak with your broker as soon as these changes occur. Life insurance is about planning for the unexpected, which means you’ll want to be prepared. Some changes are too important to let them wait until your annual review.

Life insurance rates now are more affordable than they’ve been in decades past, so if you don’t yet have coverage or if you need to supplement your existing coverage, now may be a great time to protect your family with life insurance affordable.

Contrary to what you may hear from some financial pundits, there isn’t a single type of life insurance that fits all financial situations. There is, however, a life insurance coverage strategy that can work well for your family.

Learn More.

We’re passing along peace of mind. Read more about life insurance that best suits your unique needs and get in touch with one of our Brokers today.