Get a Life Insurance Check-Up
Once a year and whenever a big life event happens – such as a new job, marriage or baby – make sure to meet with your financial professional to discuss the following four things about your coverage:
- Amount: How much do you need? How can you figure it out?
- Life changes: Life events (childbirth, mortgage, divorce, job change, health issues) can impact the value, term or type of insurance you need.
- Beneficiaries: Did you get married/divorced? Do you have a new business partner?
- Term length: Is the term still appropriate, or do you have to extend it or convert to a different type of insurance?