Life Happens. And when it does, it may be time to update your life insurance portfolio.
Consider who depends on you, how healthy you are, and how much premium you can afford.
Here is a quick checklist to help start the discussion about your life insurance needs.
Life Insurance Checklist
|Overall… Why did you buy the protection you did? Have any of those reasons changed at all since then?||Ο YES Ο NO|
|Have you moved your residence and/or adjusted your mortgage amount?||Ο YES Ο NO|
|Have you bought a vacation property or incurred some other major financial liability?||Ο YES Ο NO|
|Have you or your spouse changed jobs or have your income and/or benefits changed significantly recently?||Ο YES Ο NO|
|Have you or your spouse taken or do you expect to take early retirement soon?||Ο YES Ο NO|
|Has there been a change in your marital status? How about your children?||Ο YES Ο NO|
|Have you had any additional children or grandchildren since your last review?||Ο YES Ο NO|
|Have your children moved out on their own or returned home?||Ο YES Ο NO|
|Have you updated your will or powers of attorney in the last 5 years?||Ο YES Ο NO|
|Have there been any serious health issues in your immediate family?||Ο YES Ο NO|
|Have you inherited any money?||Ο YES Ο NO|
|Do you want to change the beneficiaries on your existing policies?||Ο YES Ο NO|
If you answered “yes” to any of the questions listed above it’s time to review your life insurance portfolio!
You may need to change/adapt your plan if you have experienced significant changes or events since your insurance policy was issued. This is critical to ensure you have adequate coverage in place to meet your changing lifestyle.
Please be in touch with us to discuss the details. For instant quotes, visit our Life Insurance page and click on “Get an Instant Life Quote”.